Shantanu Mitra to Exit SMFG India Credit Following Major Investment Move by Parent Group:

Shantanu Mitra, the CEO and MD of SMFG India Credit, will step down by the end of June. This leadership change comes shortly after Sumitomo Mitsui Financial Group (SMFG) announced its acquisition of a 20% stake in Yes Bank worth ₹13,483 crore, signaling strategic realignment within the group’s India operations.