|
Tuesday January 6, 02:56 PM
|
Source: Financial Express
|
Credit Suisse injects $164 mn into India unit
Swiss bank Credit Suisse said on Tuesday it has injected about $164 million of capital to fund the operation of its wholly owned Indian non-banking finance subsidiary.
With the funds, the total capital of Credit Suisse Finance (India) Private Ltd had risen to 8.27 billion rupees or approximately $170 million, it said in a statement.
The finance unit will provide asset-backed financing, securities-backed financing and lending for initial public offerings to corporate and individual users, it said.
