Source: The Hindu Business Line, Aug 04, 2011
Mumbai: Kotak Mahindra Bank has entered into a business co-operation arrangement with Malaysia based CIMB Group for cross-border trade in select countries in the India-Asean corridor.
According to a press release issued by Kotak Mahindra Bank the co-operation would cover various businesses of mutual interest, including merger and advisory, trade finance and other corporate solutions, and NRI banking and remittances, subject to relevant regulations.
CIMB Group is Malaysia’s second largest financial services provider and one of ASEAN’s leading universal banking groups.
