Shinhan Bank's Indian headquarters announced on June 5 that it held a web seminar on currency risk management jointly with Mumbai Stock Exchange in India.
Shinhan Bank's Indian headquarters held two web seminars in May for customers of the Indian headquarters. This web seminar has expanded its target to general corporate customers by collaborating with Mumbai Stock Exchange.
The seminar was held for an hour by an employee of Shinhan Bank's Indian headquarters explaining and replying to questions about exchange rate response strategies for export and import companies.
The bank held the seminar for corporate managers with many foreign currency fund transactions as the nationwide blockade continues to prevent the spread of the Coronavirus in India, and economic uncertainty is growing due to the central bank's policy rate cut.
Shinhan Bank's Indian headquarters introduced mobile banking as the first Korean bank to apply a real-time remittance system to the banking, and is steadily pushing for localization of corporate and retail assets.
In addition, the bank operates the Global Trading Center to provide customized solutions such as operating various products for currency risk management and providing data on foreign exchange market prospects.
An official from Shinhan Bank's Indian headquarters said, "The existing foreign exchange rate forecast seminar was dominated by large foreign investment banks, but this web seminar collaboration is expected to serve as an opportunity to raise awareness of Shinhan Bank's Indian headquarters and enhance customer confidence."
