Mizuho and SBI form alliance

Mizuho Corporate Bank and the State Bank of India have signed an alliance agreement to strengthen cooperation between the two institutions, including syndicated lending, trade finance and infrastructure finance.

This is the first alliance agreement between a major Japanese commercial bank and financial institution in India.

Mizuho has already established branches in Mumbai and New Delhi, however under this agreement the alliance will allow its customers to access services that use SBI's domestic branch network. This aims to improve Mizuho's ability to provide greater support for its clients looking to develop business in India.