January 1, 2026 10:11 AM
India’s first maritime NBFC begins lending operations, sanctions ₹4,300 crore
Sagarmala Finance Corporation Limited (SMFCL), India’s first maritime-focused non-banking financial company (NBFC), has formally begun lending operations, sanctioning loans worth about ₹4,300 crore, marking a key step in strengthening the country’s maritime finance ecosystem. The loan sanctions were approved at the company’s 51st board meeting held on December 30, 2025. With this, SMFCL has entered the maritime lending space in line with its board-approved strategy. The move follows an ...