Resona Bank has signed a memorandum of understanding on business cooperation with Tata Capital, part of India's major Tata Group, to establish a framework for supporting Japanese companies' expansion into the Indian market, including through financing. A Japanese-language contact desk will be opened at Tata Capital's Mumbai headquarters to support local lending and business expansion.
On 24 August, Resona Bank signed a memorandum of understanding on business cooperation with Tata Capital, part of India's major Tata Group. The bank announced that it plans to provide support, including financing through Tata Capital, to help Japanese companies expand into the Indian market.
Resona Bank will establish a Japanese-language contact desk at Tata Capital's headquarters in Mumbai. The desk will provide information on the Indian market and support lending to Japanese companies' local subsidiaries, as well as business development with companies affiliated with the Tata Group.
Tata Capital is a financial institution with more than 8.4 million customers that provides home loans and financing for equipment.