KB Kookmin Bank opens branches in Chennai, Pune

The new branches will provide financial solutions for S.Korean and global firms, enhancing synergy with the Gurugram office

KB Kookmin Bank opens branches in Chennai, Pune
Bo-Hyung Kim 1
2024-10-21 11:24:12 kph21c@hankyung.com
Banking & Finance


South Korea's KB Kookmin Bank opens branches in Chennai and Pune, major economic hubs in India on October 21.

The bank, which established its Gurugram branch in 2019, has three branches.

KB Kookmin Bank will expand its network in India, a market with significant growth potential.

The new openings come just four months after receiving final approval from the Reserve Bank of India (RBI) in June.

Chennai is the center of commercial and manufacturing industries in southern India.

Pune is the hub of advanced technologies like IT and biotechnology and is home to numerous South Korean and global corporations. 

The new branches will offer services, such as loans, deposits, trade finance, and personal and digital banking.

KB Kookmin Bank aims to provide tailored financial solutions reflecting regional market characteristics, working with its Gurugram branch.

The bank said it will continue expanding its portfolio in India by offering products and services in areas such as investment banking and supply chain finance to meet local demand.

Write to Bo-Hyung Kim at kph21c@hankyung.com
#KB Kookmin Bank #Chennai Pune #Gurugram branch

KB Kookmin Bank issues €500 mn in covered bonds

KB Kookmin Bank issues €500 mn in covered bonds

South Korea's KB Kookmin Bank said on Tuesday that it issued €500 million ($545 million) in global covered bonds the previous day.Covered bonds are issued by financial institutions, backed by high-quality assets they hold as collateral.The interest rate for the issuance is 2.828% annually

KB Kookmin Bank adds Indonesian to banking platform

KB Kookmin Bank adds Indonesian to banking platform

South Korea's KB Kookmin Bank said on Monday it launched Indonesian language services on its mobile banking platform KB Starbanking to expand its reach to foreign customers.The bank currently provides multilingual services in nine languages: English, Chinese, Japanese, Khmer, Vietnamese, Tha

Korea’s Kookmin Bank raises $600 mn in global senior debts

Korea’s Kookmin Bank raises $600 mn in global senior debts

Kookmin Bank headquarters in Seoul (Courtesy of Yonhap) South Korea’s largest bank Kookmin Bank said on Tuesday it has issued $600 million worth of global senior secured bonds. The debts were oversubscribed nearly four times, attracting about $2.8 billion from more than 150 institutional

KB Kookmin Bank opens KB Prasac Bank in Cambodia

KB Kookmin Bank opens KB Prasac Bank in Cambodia

KB Kookmin Bank announced on Monday that it held an opening event for the integrated commercial bank KB Prasac Bank PLC in Phnom Penh, Cambodia, on Feb. 23. The event, titled Two Worlds into One, symbolized the integration of two countries, financial institutions, and cultures.Yang Jong-Hee,

(* comment hide *}