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Axis Bank Ltd.
BSE: 532215 | NSE: AXISBANK
Large Cap | Bank - Private
1294.55
-3.95 (-0.30%) Axis Bank enters into MoU with South Korea based NH Bank
Date: 07-11-2014Axis Bank, a private sector lender has signed a Memorandum of Understanding (MoU) with NongHyup Bank (NH Bank) to enhance cooperation in treasury, trade and other business between India and South Korea. NH Bank is one of the largest banks in South Korea with an asset base of $185 billion.
The MoU aims to reinforce trade and economic relationship between South Korea and India, and will promote mutual development through business cooperation.
Besides, Axis Bank has raised $20 million through senior notes in the International Market. The bank on November 06, 2014 has allotted Senior Notes aggregating to $20 million under the MTN Programme through its Dubai International Financial Centre (DIFC) branch.