Non-banking lender Credit Saison India is raising Rs 1,200 crore ($145 million) from Japan’s Mizuho Bank Ltd, the retail and corporate banking unit of Mizuho Financial ..
Mizuho Bank has acquired a 15% stake in digital non-banking finance company Credit Saison India for INR 1,200 crore ($160 million). This is Credit Saison s first investment from an external investor, allowing it to continue its growth and profitability.
Credit Saison India has a well-diversified portfolio with an AUM of Rs 7,200 crore in the consumer and SME segment. As of June 30, 2023, CS India had 32 branches in Tier-1 and Tier-2 cities