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HomeIndia's central bank gives approval to Japan's Sumitomo Mitsui Banking to set up unit

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India's central bank gives approval to Japan's Sumitomo Mitsui Banking to set up unit

Wednesday 14th January 2026

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India's central bank said on Wednesday it has granted an "in-principle" approval to Japan's Sumitomo Mitsui Banking Corp for setting up a wholly owned subsidiary in the country.

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India's central bank gives approval to Japan's Sumitomo Mitsui Banking to set up unit

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