S. Korea, India Agree To Boost Ties In Banking Sector
Fahad Shabbir (@FahadShabbir) Published July 10, 2018 | 01:03 PM
SEOUL, (APP - UrduPoint / Pakistan Point News - 10th Jul, 2018 ) :South Korea's banking federation said Tuesday it agreed with India to deepen bilateral cooperation to create more business opportunities.
Kim Tae-young, the chief of the Korea Federation of Banks (KFB), signed memorandum of understanding (MOU) with V.G. Kannan, who heads the Indian banking association, to work closely in a wide range of fields, such as financial deregulation and education and training for employees in the banking industry.
Kim is a member of the delegation accompanying South Korean President Moon Jae-in on his ongoing state visit to the South Asian country that began on Sunday for a four-day itinerary.
In a brief meeting after the agreement, Kim asked his Indian counterpart for extended support for the South Korean lenders trying to make inroads into the vast subcontinent, according the KFB.
A total of eight South Korean banks, including Shinhan, Woori, and KEB Hana, have been in operation in India, having opened 11 branches and four offices.
"We've so far clinched such a bilateral MOU with our counterpart entities in 14 nations, including the United States, China, Russia, and Iran, and will strive further to effectively help local lenders' attempts to go abroad for more business opportunities," the KFB said in a statement.
Related Topics
Recent Stories
PTI backed SIC nominates Hamid Raza for role of PAC chairman
PM vows to work for country along with students
US ambassador meets Senate Chairman, discusses bilateral ties
UHS to issue MBBS degrees within three months after final result
Aiman Khan granted UAE Golden Visa
PSX achieves significant milestone, surpasses 72,000 mark
Pak Vs NZ T20I: Orphaned children extended special invitation to watch match
Finance Minister lauds UNDP’s unwavering support during floods
President Raisi leaves for Iran from Karachi
Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 24 April 2024
Today Gold Rate in Pakistan 24 April 2024
Punjab CM inaugurates Pakistan’s first Virtual Women Police Station
More Stories From World
-
Thousands in heatwave-hit Bangladesh pray for rain
16 minutes ago -
EU urges probe into reported mass graves at Gaza hospitals
25 minutes ago -
Gucci owner Kering's shares sink after profit warning
26 minutes ago -
Extreme heat scorches Southeast Asia, bringing school closures and warnings
36 minutes ago -
Ambassador Hashmi greets China on Space Day
46 minutes ago -
Mass cancellations loom despite French air union calling off strike
1 hour ago
-
Record-breaking London stocks spearhead global rally
1 hour ago -
'City Hunter' manga hero drops the sexism for new live-action film
1 hour ago -
Russian deputy defence minister held over bribery accusations
1 hour ago -
Danger warning issued for Bangkok as extreme heat bites
1 hour ago -
Iran cuts Syria presence after strikes blamed on Israel: monitor
2 hours ago -
Four injured as escaped army horses bolt through central London
2 hours ago