Axis Bank has entered in a memorandum of understanding with Thailand’s Kasikorn Bank with an aim to enhance cooperation in trade and investment. The agreement between the two banks were signed during the Thailand prime minister Prayut Chan-o-cha’s three-day visit to India. Axis Bank said the agreement will serve to strengthen existing ties between the two banks and will help facilitate and enhance cooperation in the areas of trade, investment and other businesses. Axis Bank group executive of corporate and transaction banking Sidharth Rath said Thai companies are increasingly becoming a part of India’s economic growth. Axis Bank is excited to be associated with Kasikorn Bank and the MoU will further reinforce the trade and economic ties between both countries, he said. KBank board director and president Preedee Daochai said the MoU will create a platform for partnership development in various spheres of inter-banking cooperation and facilitate joint projects as well as trade flows between India and Thailand. The MoU emphasises KBank’s intention to facilitate the business and cooperation with India, he said.
