Axis Bank signs MoU with South Korea’s NongHyup Bank
- Livemint" target="_blank">Livemint
- November 7, 2014
Mumbai: Axis Bank Ltd on Thursday said it has signed a memorandum of understanding (MoU) with South Korea-based NongHyup Bank to "enhance co-operation in treasury, trade and other businesses".
"The MoU seeks to reinforce trade and economic relationships between South Korea and India, and will promote mutual development through business cooperation," Axis Bank said.
This is the sixth Asian bank Axis Bank has tied up with to provide "better and convenient service to its retail and corporate customers," it said.
Earlier this year, it had tied up with China Development Bank to support the corporate clients of the banks for their banking requirements in India and China. Axis Bank also has a tie-up with Singapore's DBS Bank Ltd, Saudi Arabia's Samba Financial Group and Bank Albilad, and Malaysia's Maybank, for remittances to India.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.
Partners
