SBI business Co operation agreement with Japan bank

Thebullishtrends: State Bank of India share price closed yesterday at Rs.2405(2.52%). India's largest banker State Bank of India announced after the marketing hours that the bank has signed an agreement with Japan's Mizuho Corporate Bank. Mizhuo Corporate Bank is a leading 3rd largest bank in Japan and it is having presence in India having offices in Mumbai and Delhi. Due to this agreement both the banks SBI and MCB will be beneficial in Loan syndication, trade finance,off-shore fund rising and infrastructure c0-financing. Meanwhile MCB will assist to SBI in Japanese market to offer cash management services to MCB's clients.