Shinhan Bank is acquiring a stake in HDFC Credila Financial Services, a student loan company in India. It is the bank’s first advancement into the global market in the form of equity investment, instead of launching branches of corporations.
Shinhan Bank Vietnam, a subsidiary of Shinhan Bank, was awarded by the State Bank of Vietnam (SBV) for its digitalization efforts. It was the only foreign-affiliated firm to receive an award at the event, the bank announced on Tuesday.
Several major banks are underlining solidarity among employees by honoring high achievers, offering special lectures for rookies and leadership training sessions for newly-promoted team leaders. Shinhan Bank said it wants to encourage those who were distinguished on the sales frontline in 2022, during a company-wide event at Olympic Gymnastics Arena in Seoul last week.
Shinhan Bank CEO Han Yong-gu pledged to speed up its much-hyped digital innovation strategy with the goal of transforming the lender into what he called an “invisible bank,” speaking to reporters during a press conference, Friday.