Mizuho Bank receives India’s Best Foreign Bank award from the Financial Express

March 28, 2024
 

Mizuho Bank, Ltd.

Mizuho Bank, Ltd. has received the Best Foreign Bank Award in India in Financial Express’s Best Banks Awards 2023. The award was announced today. 

Financial Express is an Indian English-language business newspaper owned by The Indian Express. The Indian Express is a renowned English-language newspaper founded in India in 1932, and carries the well-known tagline ‘journalism of courage’. 

Financial Express presents its annual FE India's Best Bank Awards to recognise the best bank in India in different categories such as best public sector bank, best private sector bank, and best foreign bank. The award is based on various financial parameters related to growth, profitability, efficiency and credit quality, which are evaluated for all banks, and then assessed by a distinguished jury. 

India is a key growth market for Mizuho globally. In November 2023, the bank made a capital infusion of around USD 500 million in India. This has taken the total capital in India to above INR 100 billion (~USD 1.2 billion), instantly almost doubling bank’s single borrower exposure limit to INR 20 billion (~USD 240 million). Mizuho India is expanding its footprint in India in terms of offices, employees and capital, and is also preparing to set up a new branch in GIFT City later this year. 

Mizuho India is committed to providing solutions to meet clients’ diversifying needs and facilitate their growth as a strategic partner for business development, and to participating as a force multiplier in the unique growth story of India.

An interview with Mizuho India is published in the Financial Express magazine (placed below).