Japan's Mizuho Bank has acquired 15 percent stake in Digital non-banking finance company Credit Saison (CS) India for Rs 1,200 crore.

Economy Business

Japan's Mizuho Bank has acquired 15 percent stake in Digital non-banking finance company Credit Saison (CS) India for Rs 1,200 crore. This is Credit Saison's first investment from an external investor. CS India received its (Non-banking Finance Company) NBFC licence in September 2019 from the RBI and focussed initial operations in wholesale lending and tech-integrated partnerships with other NBFCs and fintechs.


      Mizuho Bank is the retail and corporate banking unit of Mizuho Financial Group while CS India is the domestic arm of Saison International, one of Japan's largest lenders.

     

     

 

     


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