Japan’s MUFG Bank injects ₹3,000 crore in India biz

Japan’s MUFG Bank injects ₹3,000 crore in India biz: MUFG Bank (Japan) has boosted the capital of its branches within India by ₹3,000 crore ($380m).

Reason: As the bank looks to expand its India business

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Impact: It will strengthen its financial base in India and better respond to the diverse financing needs of its clients

With this capital injection, the total capital of MUFG Bank in India will rise to ₹5,207 crore. The bank has already expanded its presence by opening a branch at Gujarat International Finance TecCity.