Shinhan Bank Launches Productive Finance Growth Support Package with Lower Interest Loans

President Lee Ho-sung of Hana Bank. (Photos: Hana Bank)

Hana Financial Group announced on Dec. 8 that it has opened new Hana Bank branches in Devanahalli and Mumbai of India.

Hana Financial Group is exploring future growth opportunities in India, a rapidly growing market with the world’s largest population.

Hana Bank previously opened branches in Chennai in 2015 and Gurugram in 2019.

Hana Financial Group explained that it has established a “One India” network based on these four branches.

On Dec. 5, Hana Financial Group Vice Chairman Kang Sung-mook and branch staff members cut a cake and poses for a photo in a ceremony held in honor of the opening of Hana Bank’s Mumbai branch in India.

“By opening new branches in India, a key strategic market and hub of the global supply chain, Hana Bank broke through a milestone in its global expansion,” Hana Vice Chairman Kang Sung-mook said.

“Building on our global DNA, we will continue to grow and establish ourselves as a trusted financial partner for both Korean communities in India and local communities.”

India is enjoying an economic growth rate of 6% to 7%, driven by its young population, large domestic market, and rapid digital transformation.

In particular, driven by government-led industrial policies, investment is growing in key industries such as manufacturing, information and communications technology (IT), energy, and infrastructure in India.

Consequently, Korean companies’ demand for financial support is also rapidly increasing in the country.

In response to these changes, Hana Financial Group has opened the two new branches in succession.

These branches establish hubs for its One India network in the southern region (Chennai), the northern region (Gurugram), the southwestern region (Devanahalli), and the western region (Mumbai).

Hana Financial Group plans to leverage these new branches to provide practical financial support including industry-specific financial support; rapid response to the financial needs of Korean and Indian companies; the expansion of supply chain financing (SCF) and project financing (PF); and strengthening digital-based retail services.

The Devanahalli and Mumbai branches of Hana Bank were newly established to reflect Hana Financial Group’s field-oriented management approach.

The Devanahalli branch in Bengaluru is the first branch of a Korean bank in India.

Devanahalli is nicknamed the “Silicon Valley of India” due to its concentration of future growth industries such as IT, biotechnology, semiconductors, and aerospace.

Hana Financial Group will focus on providing financial support for advanced manufacturing and R&D companies, financial consulting for technology-based startups and retail services in India.

2025 Foreign Exchange Expertise Contest

Hana Bank announced that on Dec. 5 that it held the finals of the “2025 Foreign Exchange Golden Bell,” a foreign exchange knowledge contest for the bank’s outstanding foreign exchange employees across the nation at the Hana Financial Group’s Myeongdong headquarters.

“Foreign Exchange Golden Bell” is the first foreign exchange knowledge contest launched by Hana Bank in the Korean financial industry.

Now in its 20th year, it is a long-standing tradition and a cultural festival fostering communication and harmony among employees.

The 2025 Foreign Exchange Golden Bell Competition with its slogan, “Golden Run for Customers,” goes beyond simply competing in foreign exchange knowledge.

It symbolizes Hana Bank’s commitment to enhancing the expertise of its employees in customer services through steady education and study.

Notably, this year’s contest primarily features questions based on customer experiences in the field, embodying Hana Bank’s customer-comes-first philosophy.

All employees hone their foreign exchange expertise in their respective fields, ultimately directing their efforts toward serving customers better.

This year’s Foreign Exchange Golden Bell Competition began in November with three online preliminary rounds held via Hana One Q, a Hana Bank mobile app.

Over 9,000 employees participated in each round, demonstrating their keen interest and strong passion.

The final round featured questions covering the full spectrum of foreign exchange including foreign exchange laws, products and services related to foreign exchange and imports and exports among others.

A total of 100 employees were selected via the preliminary round and fiercely competed, representing their branches and departments.

“Hana Bank will continue to provide strong supports to its employees, enabling them to acquire foreign exchange-related knowledge and enhance their expertise, which will naturally raise Hana Bank’s position as the leading foreign exchange bank,” Hana Bank President Lee Ho-seong said at the competition venue.