The Indian private lender secured $500 million in a three-year borrowing priced at SOFR plus 85 basis points, according to people familiar with the matter.
The funds are intended for lending and general business purposes, adding offshore financing as credit demand rises.
The deal highlights continued appetite among Indian banks for overseas funding to support balance-sheet growth and meet borrowing needs.
Is MUFG's $500M loan a sign of India's strength or a symptom of Japan's economic stagnation?
As Indian banks take on massive foreign loans, what happens if the rupee's value suddenly collapses?
With Western banks pulling back, are Asian financial giants now set to dominate global lending?