India’s largest private sector lender HDFC bank has signed a multi-year data and technology agreement with RefinitivOne London Stock Exchange Group business, as the Mumbai-based lender seeks to reach more customers and cut costs, the companies said in a statement on Wednesday.

HDFC bank The agreement will provide broader access to Refinitiv’s data and products, enabling cost savings across multiple bank divisions. The terms of the agreement were not disclosed.

Ashish Parthasarathy, Treasurer, HDFC Bank, said, “With this collaboration, we will gain wider access to Refinitiv’s content and capabilities across our business, which will enable us to achieve further efficiencies and growth.”

HDFC Bank will also get access to Refinitiv Workspace, which provides access to tools including real-time market data, news and fundamentals. The lender will use the workspace to provide data analysis to its Treasury customers.

(with input Reuters,