KB Kookmin Bank, the largest lender in South Korea in terms of asset value is opening its shop in India. The lender has already applied to the Reserve Bank of India to open a representative office in India. Later, it plans to apply for a branch license in the next one-two years time once the business grows.
Udit Mitra, Director - Research, Mape Securities joins CNBC-TV18 to discuss how the banking stocks are positioned in the current rate-sensitive yet high-inflation environment.