News

Financial Services

Staff Reporter

, Singapore

Published:

11 years ago

Singapore's sovereign wealth fund GIC is investing 10.2 billion rupees ($165.5 million) in Bandhan Financial Services

Singapore GIC pours in $165.5m for India’s two newest banks

Total equity investment is at $347m.

Singapore's sovereign wealth fund GIC is investing 10.2 billion rupees ($165.5 million) in Bandhan Financial Services, which is setting up one of India's two newest banks, Bandhan's chairman said on Tuesday.

The company will get a total equity investment of 16 billion rupees, including 5.8 billion rupees from existing investor IFC, Bandhan Chairman Chandra Shekhar Ghosh told Reuters.

View the full report here.

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