Related News
Indian unit gets more capital pumped in
By M.C. Govardhana Rangan |
January 7, 2009, Wednesday
|
Print Edition
Print Edition
CREDIT Suisse Group AG, Switzerland's second-largest bank, has put more money into its Indian finance unit to help it lend to companies and fund purchases of shares in initial public offerings.
The bank has invested 7.94 billion rupees (US$164 million) in Credit Suisse Finance (India) Pvt, taking the total capital of the unit to 8.27 billion rupees, the bank said in a statement yesterday.
Credit Suisse will compete with Indiabulls Financial Services Ltd, Kotak Mahindra Bank Ltd, and Motilal Oswal Financial Services Ltd to fund firms and share purchases when demand for capital is slowing and IPOs are rare, Bloomberg News said.
The firm will invest selectively to grow wealth management, investment banking and asset management business, according to Mihir Doshi, country head at Credit Suisse.
The bank has invested 7.94 billion rupees (US$164 million) in Credit Suisse Finance (India) Pvt, taking the total capital of the unit to 8.27 billion rupees, the bank said in a statement yesterday.
Credit Suisse will compete with Indiabulls Financial Services Ltd, Kotak Mahindra Bank Ltd, and Motilal Oswal Financial Services Ltd to fund firms and share purchases when demand for capital is slowing and IPOs are rare, Bloomberg News said.
The firm will invest selectively to grow wealth management, investment banking and asset management business, according to Mihir Doshi, country head at Credit Suisse.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
