YES BANK, India’s new age private sector Bank and Shinsei Bank, Limited, a leading diversified financial institution in Japan, today announced that the two organizations have signed a Memorandum of Understanding to advise Indian and Japanese companies on cross-border deals between the two countries.
The alliance will play an active role towards further augmenting investment flows in the Indo-Japanese corridor. With this tie-up, YES BANK and Shinsei Bank, Limited will be able to leverage their combined expertise, strong local knowledge and excellent corporate relationships to jointly pursue Mergers and Acquisitions (M&A), Joint Venture (JV) and Merchant Banking opportunities for their respective clients.
Speaking on the development, Mr. Rana Kapoor, Founder/Managing Director & CEO, YES BANK said, “This alliance with Shinsei Bank, Limited reinforces our commitment towards the Indo-Japanese business corridor. It also demonstrates the trust that YES BANK has been able to build, grow and sustain in its relationship with leading financial institutions worldwide. I am confident that this partnership will enable us to further enhance our investment banking services and facilitate overall cooperation of both the nations through strategic interventions.”
Mr. Shigeki Toma, President and Chief Executive Officer, Shinsei Bank, Limited said, “As part of the financial services it offers to institutional customers, Shinsei collaborates with overseas financial institutions to provide cross-border M&A solutions. Over the past two years, Shinsei has developed strong collaborative relationships with local financial institutions in India, and with YES BANK in particular, in the domain of Japan-India cross-border M&A transaction sourcing and execution. As Japanese companies have stepped up their operations in India in recent years, Shinsei has signed this memorandum of understanding on a business alliance in order to expand the range of services it provides to customers through stronger collaboration with YES BANK. “
About YES BANK LIMITED
YES BANK, India’s new age private sector Bank, is the outcome of the professional & entrepreneurial commitment of its Founder, Rana Kapoor and its top management team, to establish a high quality, customer centric, service driven, private Indian Bank catering to the future businesses of India. YES BANK has adopted international best practices, the highest standards of service quality and operational excellence, and offers comprehensive banking and financial solutions to all its valued customers.
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YES BANK has a knowledge driven approach to banking, and a superior customer experience for its retail, corporate and emerging corporate banking clients. YES Bank is steadily evolving as the Professionals Bank of India with the long term mission of “Building the Best Quality Bank of the World in India”.
About Shinsei Bank, Limited
Shinsei Bank is a leading diversified Japanese financial institution providing a full range of financial products and services to both institutional and individual customers. The Bank has total assets of 10.4 trillion yen (US$125.4 billion) on a consolidated basis (as of September 2010) and a network of 42 outlets that includes 30 branches and 12 annexes in Japan. Shinsei Bank demands uncompromising levels of integrity and transparency in all its activities to earn the trust of customers, staff and shareholders. The Bank is committed to delivering long-term profit growth and increasing value for all its stakeholders.
News and other information about Shinsei Bank is available at https://bsmedia.business-standard.comwww.shinseibank.com/english/index.html