Korea Exchange Bank’s head of trade business and e-banking department Shin Dong-hoon (left) poses with Surendra Reddy, country head of the State Bank of India in Hong Kong. (KEB)
The Korea Exchange Bank signed an agreement with the State Bank of India aimed at expanding investment opportunities and providing financial services in both countries, the Korean bank announced on Thursday.
Under the agreement, the two banks will work together to provide financial services to Indian workers here and also to Korean companies operating in India.
SBI, the government-owned banking group, is the country’s largest lender by assets with more than 14,500 branches, including 178 foreign branches.
The agreement was signed on Wednesday in Seoul by the head of KEB’s trade business and e-banking department Shin Dong-hoon and Surendra Reddy, country head of the State Bank of India in Hong Kong.