Japanese bank Mizuho to tie-up with State Bank of India news
25 January 2008

Mumbai: Mizuho Corporate Bank Ltd of Japan has signed an agreement with the State Bank of India for Cupertino in the areas of syndicated lending and infrastructure finance.

The tie-up will include co-operation in areas, including syndicated lending and infrastructure finance, Mizuho said in a statement said.

The move, coming amid expectations of more Japanese investment in the fast-growing economy, will not include any capital tie-up, it said.

Mizuho Corporate Bank Ltd., part of Mizuho Financial Group Inc., said the tie-up would offer "support for its customers' business development in India" through access to the State Bank of India's expansive domestic branch network.

Japanese government and industry have pledged increased investment in India, including the setting up of an industrial corridor between New Delhi and Mumbai.


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Japanese bank Mizuho to tie-up with State Bank of India