Private sector lender, YES Bank has joined hands with Japan based Shinsei Bank for advisory activities to companies on offshore deals between the two countries.

YES Bank said that the deal will act as a catalyst in promoting business relations across the Indo Japanese doorway. Both banks would benefit in the process by leveraging each other's expertise, local knowhow and corporate clientele'.

Yes Bank Managing Director and Chief Executive Rana Kapoor said, "This alliance reinforces our commitment towards the Indo-Japanese business corridor and demonstrates the trust that we have been able to build, grow and sustain in our relationship with leading financial institutions worldwide...this alliance will enable us to further enhance our investment banking services and facilitate overall bilateral cooperation through strategic interventions."

Shinsei Bank President and Chief Executive Shigeki Toma said, "Over the past two years, we have developed strong collaborative relationships with Indian financial institutions and especially with Yes Bank, in the domain of Japan-India cross-border M&As. As Japanese companies have stepped up their India operations in recent years, we have signed this business alliance to expand the range of services we provide to our customers through stronger collaboration with Yes Bank."