Strategy

India's YES Bank Widens Cooperation Deal With Japan's Shinsei Bank

Vanessa Doctor, Asia Correspondent, August 1, 2012

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YES Bank, the Indian bank, has partnered with Japan's Shinsei Bank on an alliance that allows both firms to share strategies on various financial services functions.

YES Bank, the Indian bank, has partnered with Japan's Shinsei Bank on an alliance that allows both firms to share strategies on various financial services functions. 

The agreement strengthens the memorandum of understanding signed between the two parties in November 2010 to support Japan-India cross-border merger and acquisition activities. By expanding the scope of the alliance, YES Bank will further strengthen its support for Japanese clients looking to enter the Indian market, at the same time supporting Indian clients looking to tap Japan-related businesses.

YES and Shinsei Bank will be able to leverage their combined expertise, particularly in the areas of investment banking, corporate banking, trade finance and remittance. YES Bank is the fourth largest bank in India, while Shinsei is one of the leading financial firms in Japan, recordings total asets of ¥8.6 trillion ($105 billion), as of March 2012.

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