Yes Bank, a India-based private sector bank, and South Korea-based Hana Daetoo Investment Bank, part of the Hana Financial Group, have entered into a co-operation agreement to advise Indian and South Korean 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-South Korea corridor. With this tie-up, Yes Bank and Hana Daetoo Investment Bank will be able to leverage their combined expertise, local knowledge and corporate relationships to open up mergers and acquisitions, 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 Hana Daetoo Investment Bank furthers our commitment towards the Indian and South Korean business corridor. Through our knowledge banking initiatives and advisory services, we look forward to further explore opportunities for cross–border investment and trade.
“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.”