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Sumitomo Mitsui Banking Corporation
2.5
based on 95 Reviews
Company Overview
Company Locations
Working at Sumitomo Mitsui Banking Corporation
Company Summary
Overall Rating
2.5/5
based on 95 reviews
35% below
industry average
Critically rated for
Work Satisfaction, Company Culture, Promotions/Appraisal
Work Policy
Hybrid
100% employees reported
Monday to Friday
72% employees reported
Strict timing
70% employees reported
No travel
72% employees reported
View detailed work policy
Top Employees Benefits
Health insurance
7 employees reported
Job/Soft skill training
6 employees reported
Cafeteria
3 employees reported
Office cab/shuttle
2 employees reported
View all benefits
About Sumitomo Mitsui Banking Corporation
Founded in2001 (24 yrs old)
India Employee Count201-500
Global Employee Count5k-10k
HeadquartersNew York, USA
Office Locations
--
Websitesmbcgroup.com
Primary Industry
Other Industries
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Sumitomo Mitsui Financial Group, Inc. (SMFG) is the holding company of SMBC Group, which is one of the three largest banking groups in Japan. In the Americas, we are more than 3,000 employees strong with a presence in the U.S., Canada, Mexico, Brazil, Chile, Colombia, and Peru. Built upon a foundation that leverages the perspective of more than 400 years of history, our Japanese heritage affirms a sense of honor and commitment that is increasingly rare in the financial world. Our deeply-held values of service, respect, and integrity are present in everything we do.
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Sumitomo Mitsui Banking Corporation Ratings
based on 95 reviews
Overall Rating
2.5/5
How AmbitionBox ratings work?
5
17
4
15
3
20
2
16
1
27
Category Ratings
3.3
Job Security
2.7
Salary & Benefits
2.5
Work-Life Balance
2.5
Skill Development
2.4
Promotions/Appraisal
2.3
Company Culture
2.1
Work Satisfaction
Sumitomo Mitsui Banking Corporation is rated 2.5 out of 5 stars on AmbitionBox, based on 95 company reviews.This rating reflects a below average employee experience, indicating poor satisfaction with the company’s work culture, benefits, and career growth opportunities. AmbitionBox gathers authentic employee reviews and ratings, making it a trusted platform for job seekers and employees in India.
Read more
Gender Based Ratings at Sumitomo Mitsui Banking Corporation
based on 87 reviews
2.9
Rated by 30 Women
Rated 3.4 for Job Security and 3.0 for Skill Development
2.4
Rated by 57 Men
Rated 3.3 for Job Security and 2.9 for Salary & Benefits
Work Policy at Sumitomo Mitsui Banking Corporation
based on 14 reviews in last 6 months
Hybrid
100%
Sumitomo Mitsui Banking Corporation Reviews
Top mentions in Sumitomo Mitsui Banking Corporation Reviews
+ 4 more
Compare Sumitomo Mitsui Banking Corporation with Similar Companies
Change Company | Change Company | Change Company | ||
|---|---|---|---|---|
Overall Rating | 2.5/5 based on 95 reviews | 3.9/5 based on 500 reviews | 3.4/5 based on 90 reviews | 4.5/5 based on 2 reviews |
Highly Rated for | No highly rated category | Company culture Job Security Work-Life balance | No highly rated category | Job Security Work-Life balance Salary & Benefits |
Critically Rated for | Work Satisfaction Company culture Promotion/Appraisals | Promotion/Appraisals | Promotion/Appraisals Skill development Company culture | No critically rated category |
Primary Work Policy | Hybrid 100% employees reported | Hybrid 90% employees reported | Work from office 69% employees reported | - |
Rating by Women Employees | 2.9 Poor rated by 30 women | 3.7 Good rated by 148 women | 3.7 Good rated by 21 women | - no rating available |
Rating by Men Employees | 2.4 Poor rated by 57 men | 3.9 Good rated by 326 men | 3.3 Average rated by 64 men | - no rating available |
Job Security | 3.3 Average | 3.8 Good | 3.2 Average | 5.0 Excellent |
View more
Sumitomo Mitsui Banking Corporation Salaries
2.7
rated by 95 employees for salariesAssistant Vice President
(67 salaries)
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₹12 L/yr - ₹35 L/yr
Senior Officer
(50 salaries)
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₹5 L/yr - ₹9 L/yr
Analyst
(33 salaries)
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₹3.5 L/yr - ₹8.6 L/yr
Officer
(28 salaries)
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₹3 L/yr - ₹6.6 L/yr
AVP
(17 salaries)
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₹17 L/yr - ₹33.3 L/yr
Senior Analyst
(12 salaries)
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₹7 L/yr - ₹11 L/yr
Director
(10 salaries)
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₹51 L/yr - ₹99 L/yr
Associate Vice President
(8 salaries)
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₹18.5 L/yr - ₹40 L/yr
Assistant Vice President Operations
(8 salaries)
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₹12 L/yr - ₹25 L/yr
Credit Analyst
(7 salaries)
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₹12.5 L/yr - ₹25.8 L/yr
Sumitomo Mitsui Banking Corporation Jobs
Sumitomo Mitsui Banking Corporation News
PE players flock to HFC space on higher growth potential
- Private equity players are increasingly showing interest in housing finance companies (HFCs) and affordable housing.
- Notable investments include Warburg Pincus acquiring a stake in Shriram Housing Finance, Vastu HFC raising funds from Prosus, and Easy Home Finance securing funding from Claypond Capital and Sumitomo Mitsui Banking Corporation.
- TPG Global and Adani Group have also made significant deals in the HFC space.
- The housing finance industry in India is expected to grow from ₹32-33 lakh crore to ₹50 lakh crore in the next 4-5 years, driven by government initiatives and structural factors.
HinduBusinessLine | 2 Jan, 2025
Atome Financial Secures US$200 Million Credit Facility
- Atome Financial, a Singapore-based company providing buy-now-pay-later (BNPL), insurance, cards, and lending services, has secured a US$200 million syndicated credit facility.
- The facility was led by HSBC and involved participation from DBS Bank, Sumitomo Mitsui Banking Corporation, and Baiduri Bank.
- The funding will support the expansion of Atome Financial's lending products and 'Pay Later Anywhere' card across key Southeast Asian markets.
- The company reported strong financial performance, with operating income nearly doubling to US$170 million and Gross Merchandise Volume (GMV) increasing by 40% to US$1.5 billion in 2023.
Fintechnews | 20 Nov, 2024
Easy Home Finance raises $35M in Series B round
- Easy Home Finance, a tech-led mortgage startup, has raised $35 million in a Series B funding round.
- The funding round was led by Claypond Capital and Sumitomo Mitsui Banking Corporation’s Asia Rising Fund.
- The company plans to use the funding to expand its network to over 150 locations across India and grow its assets under management to over $300 million.
- Easy Home Finance aims to digitize and simplify the home loan process, making it more accessible for everyone.
Yourstory | 6 Nov, 2024
Easy Home Finance raises $35 million in funding led by Ranjan Pai’s Claypond Capital
- Mumbai-based home financing firm Easy Home Finance has raised $35 million in a Series B funding round led by Claypond Capital, the family investment office of Ranjan Pai.
- The funding round also included participation from Sumitomo Mitsui Banking Corporation's Asia Rising Fund and existing investors.
- Easy Home Finance aims to increase its assets under management (AUM) to $300 million and expand its operational reach to more than 150 locations across India.
- The firm has integrated technology into its mortgage services to deliver quick and seamless loan disbursals, targeting middle-income customers in the peripheries of major cities.
ISN | 6 Nov, 2024
Easy Home Finance raises $35 Mn from Ranjan Pai’s Claypond Capital, others
- Easy Home Finance has raised $35 million in a funding round led by Claypond Capital and Sumitomo Mitsui Banking Corporation.
- Existing investors also participated in the round, bringing the total capital raised to over $100 million.
- The company aims to expand its assets under management to $300 million and extend its operational network to over 150 locations across India.
- Easy Home Finance focuses on home loan disbursement and related services and has facilitated over Rs 500 crore in loans.
Entrackr | 6 Nov, 2024
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Sumitomo Mitsui Banking Corporation FAQs
When was Sumitomo Mitsui Banking Corporation founded?
Sumitomo Mitsui Banking Corporation was founded in 2001. The company has been operating for 24 years primarily in the Financial Services sector.
Where is the Sumitomo Mitsui Banking Corporation headquarters located?
Sumitomo Mitsui Banking Corporation is headquartered in New York.
How many employees does Sumitomo Mitsui Banking Corporation have in India?
Sumitomo Mitsui Banking Corporation currently has approximately 300+ employees in India.
Does Sumitomo Mitsui Banking Corporation have good work-life balance?
Sumitomo Mitsui Banking Corporation has a work-life balance rating of 2.5 out of 5 based on 90+ employee reviews on AmbitionBox. 66% employees rated Sumitomo Mitsui Banking Corporation 3 or below for work-life balance. This rating reflects a negative sentiment among employees for work-life balance. We encourage you to read Sumitomo Mitsui Banking Corporation work-life balance reviews for more details
Is Sumitomo Mitsui Banking Corporation good for career growth?
Career growth at Sumitomo Mitsui Banking Corporation is rated as poor, with a promotions and appraisal rating of 2.4. 66% employees rated Sumitomo Mitsui Banking Corporation 3 or below on promotions/appraisal. This rating reflects a negative sentiment among employees for career growth. We recommend reading Sumitomo Mitsui Banking Corporation reviews for more detailed insights.
What are the cons of working in Sumitomo Mitsui Banking Corporation?
Working at Sumitomo Mitsui Banking Corporation does have some drawbacks that potential employees should consider. The company is poorly rated for work satisfaction, company culture and promotions / appraisal, based on 90+ employee reviews on AmbitionBox.
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