Mumbai: Yes Bank and Shinsei Bank of Japan on Wednesday signed an agreement to advise companies on cross-border deals between the two nations.
The alliance will play an active role towards further augmenting investment flows into the Indo-Japanese corridor, a Yes Bank statement said, adding the tie-up will enable both banks to leverage their combined expertise, strong local knowledge and excellent corporate relationships to jointly pursue M&As, JVs and merchant banking opportunities.
Speaking on the development, Yes Bank managing director and chief executive Rana Kapoor said, “This alliance reinforces our commitment towards the Indo-Japanese business corridor and demonstrates the trust that we have been able to build, grow and sustain in our relationship with leading financial institutions worldwide...this alliance will enable us to further enhance our investment banking services and facilitate overall bilateral cooperation through strategic interventions.”
Shinsei Bank president and chief executive Shigeki Toma said, “Over the past two years, we have developed strong collaborative relationships with Indian financial institutions and especially with Yes Bank, in the domain of Japan-India cross-border M&As. As Japanese companies have stepped up their India operations in recent years, we have signed this business alliance to expand the range of services we provide to our customers through stronger collaboration with Yes Bank.”
Shinsei is a 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 $125.4 billion on a consolidated basis as of September 2010.