Credit Suisse injects $164 mn into India unit

Credit Suisse injects $164 mn into India unit
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First Published: Tue, Jan 06 2009. 02 49 PM IST
Updated: Tue, Jan 06 2009. 02 49 PM IST
Mumbai: 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 Rs8.27 billion 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.
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First Published: Tue, Jan 06 2009. 02 49 PM IST