YES Bank has entered in a memorandum of understanding with India-Brazil Chamber of Commerce (IBCC) to boost bilateral trade. The cooperation will cover areas such as project consultancy, B2B opportunities, and skill and technology initiatives. The core sectors covered in the MoU are sports, media and entertainment, infrastructure, and innovation-driven business opportunities. Yes Bank and IBCC will jointly explore exchange of best practices in sports goods manufacturing, CSR in sports and talent management. IBCC will also recommend YES Bank as the preferred bank to Brazilian companies looking to do business in India. YES Bank MD and CEO Rana Kapoor said India’s relations with its BRICS partners and Brazil in particular hold tremendous strategic importance and YES Bank endeavours to play a crucial role in facilitating foreign trade and investment amongst the partner nations.
