Private sector Yes Bank (YB) today announced a tie-up with Spanish bank Santander's UK arm to boost UK-India trade and local business networking opportunities.
Santander's clients will get access to banking facilities and local support in India through YB network, while the private lender's customers will gain access to the range of financial and practical support that the Spanish bank offers.
"India and the UK have built a significant economic partnership over the last two decades and the UK remains a preferred destination for Indian companies with global aspirations," Yes Bank MD and CEO Rana Kapoor said. ............................................................. Exim Bank extends USD 2.5-mn LoC to Madagascar
Export-Import Bank of India (Exim Bank) today said it has extended a line of credit (LoC) of USD 2.50 million to the Madagascar government for completion of unfinished fertiliser plant project.
The LoC is part of an earlier line of credit of USD 25 million, the bank said in a statement here today.
With the signing of this LoC, Exim Bank has so far extended two LoCs to the Madagascar government, taking the total value to USD 27.50 million.
Exim Bank had earlier extended an LOC of USD 25 million for financing the fertiliser plant project in Madagascar.
.............................................................. Julius Baer appoints Ashish Gumashta at India CEO
Swiss private banking group Julius Baer today appointed Ashish Gumashta as the chief executive of its wealth advisory business in the country.
Gumashta, who has been with DSP Merrill Lynch since the merger of its India wealth management business with Baer, takes over from Atul Singh who has left the company, an official statement said here.
The appointment is from July 1 and Gumashta will be reporting to Remy A Bersier, head of emerging markets and a member of the executive board.
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