Credit Saison’s Indian Subsidiary Raises a Record US$500 Million
～Asian Development Bank Participates for the First Time, Accelerating Further Growth～

Kisetsu Saison Finance (India) Pvt. Ltd. (hereinafter “Credit Saison India”), an Indian subsidiary of Credit Saison Co., Ltd. (Headquarters: Toshima-ku, Tokyo; Representative, Executive President and COO: Katsumi Mizuno; hereinafter “the Company”), has signed an agreement to execute a multi-currency ECB* syndicated loan totaling US$500 million, the largest amount in its history.

Credit Saison India has been steadily expanding its business foundation in India. It currently operates over 100 locations nationwide, and its loan receivables balance has exceeded approximately 385 billion yen (as of the end of March 2026, an increase of approximately 124% year-on-year), continuing to grow steadily. Furthermore, the company’s plan for fiscal year 2026 projects a loan receivables balance of approximately 475 billion yen and a business profit contribution of around 10 billion yen. Against the background of this business expansion, Credit Saison India’s funding needs are increasing further, and this transaction represents a critical source of funding to support its growth.

In addition to the Asian Development Bank (ADB), a total of six banks are participating as joint lead arrangers: Mizuho Bank, Ltd. (Headquarters: Chiyoda-ku, Tokyo; President & CEO: Masahiko Kato; hereinafter “Mizuho Bank”), which holds an equity stake in Credit Saison India; State Bank of India (SBI), the largest public sector bank in India; Axis Bank, a major commercial bank in India; CTBC Bank of Taiwan; and DBS of Singapore. The participation of major financial institutions from various countries underscores Credit Saison India’s business growth potential and strong international creditworthiness.

ADB is a leading multilateral development bank supporting inclusive, resilient, and sustainable growth across Asia and the Pacific. Working with its members and partners to solve complex challenges together, ADB harnesses innovative financial tools and strategic partnerships to transform lives, build quality infrastructure, and safeguard our planet. Founded in 1966, ADB is owned by 69 members — 50 from the region.

ADB’s financing will support the Company’s efforts to expand onward lending towards individuals and micro, small, and medium-sized enterprises (MSMEs), including to female borrowers. Furthermore, by meeting the ADB’s standards, Credit Saison India will advance its social and environmental governance standards and strengthen the foundation for sustainable business operations.

To date, backed by long-term AAA ratings from CARE and CRISIL, two local credit rating agencies, Credit Saison India has secured diverse funding sources, including borrowings from over 60 financial institutions as well as the issuance of corporate bonds and commercial paper. Furthermore, the total amount raised through ECB loans, which began last year, has exceeded US$1.1 billion, and Credit Saison India continues to earn high praise and trust from financial institutions both domestically and internationally.

Backed by this solid financial foundation and strong fundraising capabilities, Credit Saison India will continue to provide a diverse range of financial services tailored to local needs, thereby expanding its operations, steadily increasing its loan portfolio, and accelerating business growth. Furthermore, by applying the expertise gained in the Indian market to markets such as Brazil and Mexico, we will further enhance the growth potential of the entire Group.

We will promote financial inclusion in each country where we operate, contributing to improved access to finance around the world while achieving sustainable business growth.

*ECB: External Commercial Borrowing (ECB)

Credit Saison India Overview

Company Name	Kisetsu Saison Finance (India) Pvt. Ltd.
Location	Bengaluru, India
Representative	Whole Time Director & CEO Presha Paragash
Established	June 2018
Business	Lending business in India

Return to News Release List