ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Business

Resona joins hands with India's Yes Bank

TOKYO -- The Resona group has partnered with India's Yes Bank to better serve smaller Japanese companies operating in the subcontinent.

Resona Holdings' three units -- Resona Bank, Saitama Resona Bank and Kinki Osaka Bank -- had signed partnership agreements with the commercial bank by Tuesday.

Established in 2004, Yes Bank operates 750 branches across India and had total assets of 1.65 trillion rupees ($24.7 billion) at the end of March. It is strong in retail banking and services to small and midsize businesses. Its "Japan desk" highlights its eagerness to serve Japanese companies.

Through Yes Bank, the Japanese banking group will lend rupees for capital investment and offer such services as account settlement and domestic remittance.

Resona already works with India's banking leader, the State Bank of India, but this framework mainly serves large companies. With the Indian economy seen growing 7.5% in 2016 and 2017, according to the International Monetary Fund, Japanese businesses are increasingly eager to set up shop in the South Asian country.

(Nikkei)

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this monthThis is your last free article this month

Stay ahead with our exclusives on Asia;
the most dynamic market in the world.

Stay ahead with our exclusives on Asia

Get trusted insights from experts within Asia itself.

Get trusted insights from experts
within Asia itself.

Try 1 month for $0.99

You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this month

This is your last free article this month

Stay ahead with our exclusives on Asia; the most
dynamic market in the world
.

Get trusted insights from experts
within Asia itself.

Try 3 months for $9

Offer ends July 31st

Your trial period has expired

You need a subscription to...

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers and subscribe

Your full access to Nikkei Asia has expired

You need a subscription to:

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers
NAR on print phone, device, and tablet media

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more