CIMB waited news : CIMB Enter Indian Market !! More NEWS !!

The CIMB stock sure will hit high with this news and update.
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PETALING JAYA: The CIMB Group has signed a pact with Kotak Mahindra Bank Ltd (Kotak) in India to tap cross border investment potential in the Indo-Asean corridor.
The cooperation would cover areas of mutual interest including mergers and acquisitions, trade finance and remittance.
“Our Mumbai representative office in Bandra Kurla Complex is our first step into India. Also, our partnership with Kotak is an important strategic move,” CIMB group chief executive Datuk Seri Nazir Razak said in a statement after the agreement between the two parties was signed yesterday. He added that the associated fit between the two organisations was obvious and given the expected business flows between India and Asean.
Nazir also said CIMB was excited about sharing its Asean experience with Kotak, and learning more about the Indian market.

Nazir (left) exchanging documents with Uday after signing of the agreement in Mumbai, India, yesterday

Kotak executive vice-chairman and managing director Uday Kotak said the pact was an opportunity for the two financial conglomerates to leverage their strengths to serve their customers better in the Indo-Asean corridor.
India's foreign direct investments in Asean amounted to US$12bil (RM35.5bil) last year.

Source: The Star