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Credit Suisse injects $164 mln into India unit

Tue Jan 6, 2009 4:16am EST

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MUMBAI, Jan 6 (Reuters) - Swiss bank Credit Suisse (CSGN.VX) 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. (Reporting by Janaki Krishnan; Editing by John Mair)



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