Credit Saison India raises $300 million via maiden ECB

NBFC Credit Saison India has raised $300 million via maiden syndicated and bilateral External Commercial Borrowings

NBFC Credit Saison India has raised $300 million via maiden syndicated and bilateral External Commercial Borrowings (ECB) to drive growth, per a company statement.

“The multi-currency issuance – one of the largest borrowings for a first-time issuer – includes ₹200 million raised through a syndication deal with Axis Bank, DBS Bank and CTBC Bank, reflecting strong support from leading financial institutions. Additionally, a further ₹100 million ECB has been secured from a Public Sector Bank on a bilateral basis,” the company said.

The NBFC currently has over 2 million active loans, overall asset under management of $2 billion, and over 1,300 employees. Presha Paragash, whole-time Director & CEO of Credit Saison India, said the capital raised will be used for driving growth in wholesale lending, co-lending partnerships, and direct lending products. It is also expanding presence beyond 60 branches, growing secured lending portfolio for diversification and strengthening partnerships with fintechs and other NBFCs.

Published on April 7, 2025