MUFG Is Bullish on India and Seeking M&A Deals to Drive Growth
- Bank sees finance opportunities in India’s energy projects
- MUFG seeks 20% return from India investments in 10 years
Mitsubishi UFJ Financial Group Inc. is competing with a slew of global lenders to expand in the world’s fastest-growing major economy.
Photographer: Dhiraj Singh/BloombergThis article is for subscribers only.
Mitsubishi UFJ Financial Group Inc. is bullish on India, where it’s actively looking for acquisition targets that will help boost its presence in the world’s most populous nation.
The goal for Japan’s largest lender is to push up its buyouts and investment in India, and increase annual returns from them to 20% in 10 years, Yasushi Itagaki, head of MUFG’s global commercial banking business, said in an interview.