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Scotiabank signs referral deal with Kotak Mahindra Bank in India

A security guard closes the doors at Scotiabank in Toronto on Tuesday, Aug. 28, 2012.

MWS/THE CANADIAN PRESS

Scotiabank says it has signed a deal with Kotak Mahindra Bank Ltd. in India to provide banking services to people emigrating to Canada and to Indo-Canadians seeking services in India.

Under the deal, select Kotak Mahindra Bank branches will offer Canadian-bound Indian residents with access to Scotiabank services.

In Canada, select Scotiabank branches will help customers seeking bank accounts in India by referring them to Kotak Mahindra Bank.

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In addition to its new partnership with Kotak Mahindra Bank, Scotiabank offers an international account opening program in select Scotiabank branches in India and Mexico and through China Everbright Bank in China.

Kotak Mahindra Bank has over 375 branches across India.

Scotiabank and its affiliates serve some 19 million customers in more than 55 countries.

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