Indian private sector lender Yes Bank and Shinsei Bank, a diversified financial institution in Japan, have signed a memorandum of understanding (MoU) to advise Indian and Japanese companies on cross-border deals between the two countries.

According to Yes Bank, the alliance will play an active role towards further augmenting investment flows in the Indo-Japanese corridor.

Yes Bank and Shinsei Bank will leverage their combined expertise to jointly pursue mergers and acquisitions ( M&A), joint venture (JV) and merchant banking opportunities for their respective clients.

Yes Bank founder/managing director and CEO Rana Kapoor said that this alliance with Shinsei Bank, reinforces Yes Bank’s commitment towards the Indo-Japanese business corridor.

"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," Kapoor said.

Shinsei Bank president and CEO Shigeki Toma said that 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.