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Yes Bank inks pact with Shinsei Bank for mergers & acquisitions

Press Trust Of India  |  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.

It added the tie-up would enable both banks to leverage their combined expertise, strong local knowledge and excellent corporate relationships to jointly pursue mergers & acquisitions (M&As), joint ventures (JVs) and merchant banking opportunities.

YES Bank Managing Director and CEO, 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,” Kapoor added.

Rana KapoorShinsei Bank President and CEO, 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,” Toma added.

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.

First Published: Thu, November 25 2010. 00:33 IST