Indian private sector bank Yes Bank and Israeli investment bank Poalim Capital Markets, a part of Bank Hapoalim, have entered into a co-operation agreement to advise Indian and Israeli 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-Israeli corridor.

With this tie-up, Yes Bank and Poalim Capital Markets plan to leverage their combined expertise, local knowledge and corporate relationships to open up M&A, joint venture, equity raising, and merchant banking opportunities for their respective clients.

Rana Kapoor, founder/managing director and CEO of Yes Bank, said: “This alliance with Poalim Capital is another step forward in our commitment towards the Indian and Israeli business corridor.

“This privileged partnership will enable us to further enhance our investment banking services and facilitate overall development of both the nations through strategic interventions.”

Amir Aviv, CEO and president of Poalim Capital Markets, said: “In our strategic plan for 2010 we marked India as an important geography to expand our investment banking capabilities, and after careful consideration of various alternatives we decided to join forces with Yes Bank.”