MUFG expands into Indian real estate lending and forex derivatives
Updated
Updated · Bloomberg · Apr 29
MUFG expands into Indian real estate lending and forex derivatives
11 articles · Updated · Bloomberg · Apr 29
Japan’s largest bank is launching a dedicated team this financial year to begin lending to Indian real estate firms and grow its forex derivatives business in India’s low-tax hub.
The move follows MUFG’s recent $4.4 billion stake purchase in Shriram Finance, raising its total investment in India to about $7 billion.
This expansion aims to deepen MUFG’s presence in India, the world’s fastest-growing major economy, and further broaden its local franchise.
Will MUFG's lending truly reach the underbanked millions, or just focus on India's top-tier clients?
The Shriram deal raised governance flags. Do they foreshadow future partnership challenges for MUFG in India?
With MUFG partnering with rival SBI, how will this 'co-opetition' reshape India's financial landscape?
As Japan's top bank funds Indian real estate, will it fuel sustainable growth or a risky property bubble?
Beyond tax breaks, what makes GIFT City the key to MUFG's Asian derivatives market ambitions?