Global finance major Credit Suisse today said it has injected Rs 794 crore in its non-banking finance company Credit Suisse Finance (India), to fund its operations.

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With the fresh injection of funds, the total capital of Credit Suisse Finance (India) now stands at Rs 827 crore.

Credit Suisse Finance (India), which is a wholly-owned subsidiary of the Credit Suisse, plans to provide asset backed financing, securities backed financing, IPO lending and pre-IPO funding to corporate and individual clients, according to the statement.

Mihir Doshi, managing director and country head, Credit Suisse in India said, "This capital infusion is a very clear statement of our commitment to the growth of our business in India. We will continue to invest selectively in the growth of wealth management, investment banking and asset management business."

India is a core growth market for Credit Suisse. In 2007, Credit Suisse launched its India brokerage operation and obtained a merchant banker licence, while it was granted a portfolio manager licence in 2008.

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