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The company was founded in July 2007 as Fullerton India Credit Co. Ltd. In December 2021, SMFG, a Japanese financial holding company that owns Sumitomo Mitsui Banking Corporation and SMBC Trust Bank, purchased a 74.9% stake in Fullerton India, while the remaining 25.1% stake was held by Fullerton Financial Holdings, a Singaporean investment company owned by the Government of Singapore.
Fullerton was incorporated in February 2008 under Indian Company Law. [2] It is a subsidiary of Fullerton Financial Holdings, [3] an Asian financial institution with investments in banks and finance companies in emerging markets. Fullerton Financial Holdings primarily focuses on both business banking and consumer banking.
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Your mortgage statement is a document that includes key details about your loan. You'll receive a statement from your lender or servicer for each billing cycle, and it's a good idea to review ...
Form 1098-E: Also known as the Student Loan Interest Statement, this lender-sent form tallies your interest paid to help you claim your deduction. Form 1099-C: ...
2007: CIBIL Score, India’s first generic risk scoring model for banks and financial institutions, was introduced. [12] 2010: Two firsts for the credit industry in India with the launch of: CIBIL Detect: India's first repository for information on high-risk activity. [13] CIBIL Mortgage Check: The first centralized database on mortgages in ...
The Securitisation and Reconstruction of Financial Assets and Enforcement of Securities Interest Act, 2002 (also known as the SARFAESI Act) is an Indian law.It allows banks and other financial institutions to auction residential or commercial properties of defaulters to recover loans. [1]