Japan’s MUFG Bank gets approval set up branch at GIFT City

MUFG Bank becomes the first Japanese bank to open a branch at Gujarat International Financial Tech City (GIFT City) in a bid to offer a wide range of banking services to both domestic and global clients.

MUFG Bank has already taken all necessary approvals from the International Financial Services Centre Authority (India) and the Financial Services Agency (Japan) to set up a branch at GIFT City. MUFG had opened its first branch in Mumbai in 1953.