# Santander Signs A New Agreement With Yes Bank To Boost Uk-India Trade And Local Business Networking Opportunities Author: Pal Sinha, Barnali Author URL: https://financedigest.com/author/pal-sinha-barnali Published: 2017-07-08 Category: BANKING Category URL: https://financedigest.com/category/banking Meta Title: Santander UK plc and YES BANK Partner to Boost UK-India Trade Meta Description: Partnering to boost UK-India trade, Santander UK plc and YES BANK signed a MoU to provide banking facilities and support for businesses looking to expand URL: https://financedigest.com/santander-signs-a-new-agreement-with-yes-bank-to-boost-uk-india-trade-and-local-business-networking-opportunitieshtml ![undefined](https://prod.superblogcdn.com/site_cuid_cm5qst7v3003gwirgwqtxn8i8/images/img9265-113-1736843692512-compressed.jpg) Santander UK plc and YES BANK, India’s fourth largest private sector bank, today announced that they have signed a memorandum of understanding to help boost UK-India trade and local business networking opportunities. Through the new partnership, Santander will be able to offer its clients access to banking facilities and local support in India through YES BANK’s network, while YES BANK’s customers will gain access to the range of financial and practical support that Santander offers businesses looking to trade internationally. The new arrangement is one of a series that Santander has in place around the world to help boost international trade links. It further supports its ambition to work in partnership with UK businesses to help them achieve their ambitions and [expand into new markets](https://www.financedigest.com/automotive-light-bars-market-expanding-at-a-healthy-5-3-cagr-the-market-size-is-projected-to-total-us-1-3-bn-by-2029.html "Automotive Light Bars Market expanding at a healthy 5.3% CAGR, the market size is projected to total US$ 1.3 Bn by 2029"). As well as being able to support businesses locally through a network of Corporate Business Centres and specialists in the UK, the bank has a strong international [presence thanks to its extensive global network in 10 major markets](https://www.financedigest.com/north-american-market-for-veterinary-respiratory-ventilators-to-hold-lions-share-owing-to-presence-of-major-key-players-fact-mr-report.html "North American Market for Veterinary Respiratory Ventilators to Hold Lion’s Share Owing to Presence of Major Key Players: Fact.MR Report") and more than 12,000 branches worldwide and a network of international alliance partners. To help boost trade across the globe, Santander has an International Desk in each of the markets it operates in, dedicated to helping customers who want to grow their business overseas. India is fast becoming a key [export market](https://www.financedigest.com/growing-exports-of-non-traditional-jamaican-crops-creating-sustained-opportunities-for-ackee-market-sale.html "Growing Exports Of Non-traditional Jamaican Crops Creating Sustained Opportunities For Ackee Market Sale") for UK businesses. Eight out of 12 UK regions saw an increase in exports to [India,](https://www.financedigest.com/india-cenbank-moves-100-tons-of-gold-from-uk-to-domestic-vaults-toi-reports.html) with Scotland experiencing the largest growth(1) at 165%, closely followed by [Northern Ireland](https://www.financedigest.com/uk-considering-delay-to-northern-ireland-elections-ireland-minister-says.html "UK considering delay to Northern Ireland elections, Ireland minister says") at 96.5% and strong growth was also seen in the North East, South East and East Midlands. YES BANK has built significant expertise as a ‘preferred host country [bank’ for Multinational Corporations seeking to do business](https://www.financedigest.com/two-speed-economy-in-sweden-central-bank-business-survey-shows.html "Two-speed economy in Sweden, central bank business survey shows") in India. YES BANK has a pan-India footprint, with over 1,000 branches across all 29 [states and seven Union](https://www.financedigest.com/ukraines-first-lady-to-be-guest-of-honor-at-eu-state-of-union.html "Ukraine’s first lady to be guest of honor at EU State of Union") Territories of India. The Bank follows a differentiated Knowledge Banking approach, thereby offering customised, sector specific solutions to corporates across sunrise sectors like Food & Agribusiness, [Renewable Energy](https://www.financedigest.com/renewable-energy-monitoring-and-control-system-market-to-witness-an-outstanding-growth-by-2030.html "Renewable Energy Monitoring and Control System Market to Witness an Outstanding Growth by 2030"), Life Sciences, Urban Infrastructure, Tourism, Media & Entertainment Education among others. **John Carroll, Head of Product Management & International Business, Santander** **said**“YES BANK stands out in the Indian [market offering](https://www.financedigest.com/rocket-missile-market-advantages-offered-by-rockets-missiles-and-increasing-adoption-of-missiles-to-drive-market.html "Rocket & Missile Market – Advantages Offered By Rockets & Missiles And Increasing Adoption Of Missiles to Drive Market") a unique combination of local expertise, client focused solutions and a tailored sectoral approach. This is twinned with a shared belief in the [power of both partnership and connectivity to activate trade](https://www.financedigest.com/fortum-says-rising-costs-of-nordic-power-trading-are-worrying.html "Fortum says rising costs of Nordic power trading are “worrying”"). “We chose YES [BANK because we have similar approaches](https://www.financedigest.com/britains-co-op-bank-confirms-tsb-approach.html "Britain’s Co-op bank confirms TSB approach") to connectivity.  With their knowledge-driven banking, they too believe in the value of a sector-focused approach. In India, they are organised intentionally to support the needs of international clients. They have a dedicated team based across the country; the largest team of its sort in India.” **Rana Kapoor, Founder & CEO, YES BANK said: “India and the UK have built a significant [economic partnership over the last two decades and the UK remains a preferred destination for Indian companies with global](https://www.financedigest.com/stocks-tumble-globally-on-raft-of-economic-political-worries.html "Stocks tumble globally on raft of economic, political worries") aspirations.** “As a global [banking leader](https://www.financedigest.com/digital-trends-for-banking-leaders-looking-to-compete-in-2022.html "Digital trends for banking leaders looking to compete in 2022"), Santander Group’s large international network along with knowledge expertise, makes it a natural partner of choice for Indian companies looking to globalise. “YES BANK is delighted to [partner Santander UK for further strengthening UK-India relations and serving as the preferred host country bank for Santander’s clients seeking](https://www.financedigest.com/nexi-open-to-options-as-banco-bpm-seeks-partner.html "Nexi open to options as Banco BPM seeks partner") to create a strong foothold in India **.**” --- This blog is powered by Superblog. 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