SMBC set to name first local resident as Indian unit head in expansion
Sumitomo Mitsui Financial Group is promoting Rakesh Garg to lead its Indian banking business, making him the first local executive to hold the position, according to people familiar with the matter, as Japan's second-largest lender steps up its expansion efforts in the country. The appointment is part of a broader leadership reshuffle across Sumitomo Mitsui's banking and nonbanking operations in…
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