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Sumitomo Mitsui Financial Group
3.6
based on 7 Reviews
Working at Sumitomo Mitsui Financial Group
Company Summary
Overall Rating
3.6/5
based on 7 reviews

Highly rated for
Job security

Critically rated for
Skill development, Work-life balance, Company culture
Work Policy

Monday to Saturday
75% employees reported

Strict timing
60% employees reported

Night shift
50% employees reported
View detailed work policy
About Sumitomo Mitsui Financial Group
Founded in--
India Employee Count--
Global Employee Count--
Headquarters--
Office Locations
--
Websitesmfg.co.jp
Primary Industry
--
Other Industries
--
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Sumitomo Mitsui Financial Group Ratings
based on 7 reviews
Overall Rating
3.6/5
How AmbitionBox ratings work?
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Category Ratings
3.8
Job security
3.7
Salary
3.7
Promotions
3.2
Work satisfaction
3.1
Company culture
2.9
Work-life balance
2.9
Skill development
Sumitomo Mitsui Financial Group is rated 3.6 out of 5 stars on AmbitionBox, based on 7 company reviews.This rating reflects an average employee experience, indicating moderate 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.
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Sumitomo Mitsui Financial Group Reviews
Compare Sumitomo Mitsui Financial Group with Similar Companies
Change Company | Change Company | Change Company | ||
---|---|---|---|---|
Overall Rating | 3.6/5 based on 7 reviews | 3.7/5 based on 90.9k reviews | 3.7/5 based on 53.7k reviews | 3.8/5 based on 57.2k reviews |
Highly Rated for | Job security | Job security Work-life balance | Job security | Job security Company culture |
Critically Rated for | Skill development Work-life balance Company culture | Promotions Salary Work satisfaction | Promotions Salary | Promotions |
Primary Work Policy | - | Work from office 81% employees reported | Hybrid 62% employees reported | Hybrid 75% employees reported |
Rating by Women Employees | 3.0 Average rated by 1 women | 3.7 Good rated by 26.3k women | 3.8 Good rated by 15.4k women | 3.9 Good rated by 21.5k women |
Rating by Men Employees | 3.7 Good rated by 6 men | 3.6 Good rated by 59.4k men | 3.7 Good rated by 35.9k men | 3.8 Good rated by 33.2k men |
Job security | 3.8 Good | 4.5 Good | 3.8 Good | 3.8 Good |
View more
Sumitomo Mitsui Financial Group Salaries
Sumitomo Mitsui Financial Group salaries have received with an average score of 3.7 out of 5 by 7 employees.
Sales Manager
(3 salaries)
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₹7.8 L/yr - ₹10 L/yr
Incident Manager
(2 salaries)
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₹19.5 L/yr - ₹25 L/yr
Territory Business Manager
(2 salaries)
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₹7.7 L/yr - ₹9.8 L/yr
Manager M1
(2 salaries)
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₹9.2 L/yr - ₹11.8 L/yr
Vice President Project Management
(2 salaries)
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₹36 L/yr - ₹46 L/yr
Senior Customer Relationship Officer
(1 salaries)
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₹3.6 L/yr - ₹4.6 L/yr
Email Support Executive
(1 salaries)
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₹3.5 L/yr - ₹4.5 L/yr
Associate Vice President
(1 salaries)
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₹76 L/yr - ₹84 L/yr
Assistant Vice President
(1 salaries)
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₹36.9 L/yr - ₹47.2 L/yr
Manager Internal Audit
(1 salaries)
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₹13.9 L/yr - ₹17.8 L/yr
Sumitomo Mitsui Financial Group News
Barclays Sees Heightened Competition In India From Japanese Banks
- Japanese banks, including Mitsubishi UFJ Financial Group Inc and Sumitomo Mitsui Financial Group Inc, are targeting India and the US for expansion as they free up capital by selling off cross-holdings at home.
- Barclays Plc's CEO for India, Pramod Kumar, notes a higher degree of competition in India from Japanese banks, who are now deploying a significant amount of balance sheet in the country.
- The increased competition may lead to lower pricing on loans, as more credit funds entered the market in the last 12 months.
- Barclays, one of the largest UK employers in India, expects to see an uptick in Indian companies seeking dollar financing and foresees an increase in merger activity.
Bloomberg Quint | 23 Jan, 2025

Today Startup News 26 December 2024 From The Indian Startup Ecosystem
- Sumitomo Mitsui Financial Group (SMFG) to invest Rs 3,000 crore in its Indian subsidiary SMFG India Credit Co. Ltd.
- Metropolitan Stock Exchange (MSE) plans to raise ₹238 crore from investors including Billionbrains Garage Ventures, Groww's parent company, Zerodha's Rainmatter Investments, Securocorp Securities India, and Share India Securities.
- Indian cricketer Ajinkya Rahane invests in IoT startup Proxgy's $3 million Series A round.
- Satish Mohanram appointed as Senior Director, India Sales, and Site GM at SiMa.ai.
VIE Stories | 26 Dec, 2024

Sumitomo Mitsui To Infuse Rs 3,000 Crore Into Indian Subsidiary SMFG India Credit
- Sumitomo Mitsui Financial Group will infuse Rs 3,000 crore into its Indian subsidiary, SMFG India Credit Co. Ltd.
- The investment also includes Rs 300 crore allocated to its wholly-owned subsidiary, SMFG India Home Finance Co. Ltd.
- The total fund infusion for fiscal 2024 amounts to Rs 4,300 crore, marking the highest ever annual capital support since the company's inception.
- This investment is part of SMFG's focus on supporting SMFG India Credit's growth trajectory and advancing financial inclusion across the country.
Bloomberg Quint | 26 Dec, 2024

SMICC Secures ₹814 Crore Loan from Deutsche Bank to Boost Financial Inclusion
- SMICC, a subsidiary of Sumitomo Mitsui Financial Group (SMFG), has secured a ₹814 crore loan from Deutsche Bank to boost financial inclusion in India.
- The sustainability-linked loan adheres to Deutsche Bank's Sustainable Finance framework and aims to expand SMICC's portfolio, support MSMEs, and empower women entrepreneurs in underserved areas.
- SMICC operates over 1,000 branches with ₹49,800 crore assets under management and plans to extend its lending outreach, particularly in semi-urban areas.
- Deutsche Bank sees this transaction as a reinforcement of its commitment to sustainable finance in India, emphasizing SMICC's dedication to financial inclusion and empowering women.
VIE Stories | 9 Dec, 2024

Deutsche Bank AG, India, provides € 91 million sustainability-linked-loan to SMFG India Credit
- Deutsche Bank AG, India, has provided a €91 million sustainability-linked loan to SMFG India Credit, a subsidiary of Sumitomo Mitsui Financial Group (SMFG).
- The loan, which carries a tenor of three years, will help expand SMICC's portfolio, channel funds towards MSMEs, and empower women entrepreneurs in underserved segments across India.
- This strategic loan enables SMICC to expand its lending reach, particularly in semi-urban areas, and reinforces Deutsche Bank's commitment to promoting sustainable finance in India.
- The transaction highlights SMFG India Credit's flagship programs around financial inclusion and showcases women and finance as powerful impact drivers.
HinduBusinessLine | 9 Dec, 2024
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Sumitomo Mitsui Financial Group FAQs
Does Sumitomo Mitsui Financial Group have good work-life balance?
Sumitomo Mitsui Financial Group has a work-life balance rating of 2.9 out of 5 based on 7 employee reviews on AmbitionBox. 43% employees rated Sumitomo Mitsui Financial Group 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 Financial Group reviews for more details
Is Sumitomo Mitsui Financial Group good for career growth?
Career growth at Sumitomo Mitsui Financial Group is rated fairly well, with a promotions and appraisal rating of 3.7. 57% employees rated Sumitomo Mitsui Financial Group 4 or above, while 43% employees rated it 3 or below on promotions/appraisal. Though the sentiment is mixed for career growth, majority employees have rated it positively. We recommend reading Sumitomo Mitsui Financial Group reviews for more detailed insights.
What are the pros and cons of working in Sumitomo Mitsui Financial Group?
Working at Sumitomo Mitsui Financial Group comes with several advantages and disadvantages. It is highly rated for job security. However, it is poorly rated for work life balance, skill development and company culture, based on 7 employee reviews on AmbitionBox.
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