BRANCH BANKING | Staff Reporter, India

YES Bank and Shinsei Bank forge business alliance

India’s YES Bank and Japan's Shinsei Bank enter into a comprehensive business alliance.

YES Bank, India's fourth largest private sector bank and Shinsei Bank said the two banks has signed a business alliance to cooperate on information-sharing and business development, syndications, lending, investment banking, trade finance and remittances, among other services.

By expanding the scope of the alliance to cover a broader range of businesses, YES Bank will further strengthen its support framework for Japanese institutional customers looking to enter the Indian market. At the same time, the bank will support Indian clients doing business in Japan.

With this tie-up, YES Bank and Shinsei Bank will be able to leverage their combined expertise, strong local knowledge and excellent corporate relationships to open up investment banking, corporate banking, trade finance and remittance opportunities for their respective clients

Dr. Rana Kapoor, Founder, Managing Director & CEO, YES Bank said the alliance furthers Yes Bank’s commitment towards the India-Japan corridor for trade & investments.

“Through our knowledge banking initiatives and advisory services, we look forward to exploring further opportunities for cross-border trade and investment. I am confident that this partnership will enable us to provide enhanced banking support and economic and business intelligence to Japanese and Indian corporations seeking business opportunities in either of the countries.”


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