Private sector lender, Yes Bank has entered into an agreement with Poalim Capital Markets which is a leading Israeli investment bank. It is also a part of ank Hapoalim B.M. The agreement is a cooperative agreement so as to urge both Indian and Israeli firms to carry on cross border deals.

This agreement would facilitate both parties to leverage on each other's potentials and skills, strong local knowledge and appreciable corporate relationships for M&A deals, merchant banking deals.

According to Rana Kapoor, MD and CEO of Yes Bank, "This alliance with Poalim Capital is another step forward in our commitment towards the Indian and Israeli business corridor. This privileged partnership will enable us to further enhance our investment banking services and facilitate overall development of both the nations through strategic interventions."

Poalim Capital Markets's CEO and President Amir Aviv said, "in our strategic plan for 2010, we marked India as an important geography to expand our investment banking capabilities, and after careful consideration of various alternatives we decided to join forces with Yes Bank."