Non-banking finance company Fullerton India Credit Company, backed by the Singapore government’s investment powerhouse Temasek, has raised equity capital of Rs 750 crore from its parent company Fullerton Financial Holdings. The additional capital will help the firm to consolidate its growth agenda and lend further to individuals and micro, small and medium enterprises (MSME). Fullerton Financial Holdings is a wholly owned subsidiary of Temasek and the fund raise reflects the former’s confidence in its shadow banking arm at a time when the NBFC segment has been hit hard by the economic slowdown and consequent deterioration in asset quality.