MUFG

The bank has been scaling up in India, with its investment in Shriram Finance marking a big move

Japanese banks have been reaping record profits as rising domestic interest rates bolster lending income

This follows a similar move in Malaysia last year as Jaccs increases its automotive footprint in South-east Asia to six markets

In addition to mergers, the partnership will focus on sectors including aviation and real estate finance

After three quarters, banking group hits 86% of annual profit forecast of 2.1t yen for year ending March 2026

The two banks’ partnership dates back to the height of the global financial crisis almost two decades ago

The total volume of deals targeting Indian companies has climbed 15% this year to almost US$90 billion

Widely seen as a safe choice, whether he can further elevate the group with 400 trillion yen in assets will be closely watched

MUFG may invest more than US$3.2 billion to buy a stake of around 20%

Leveraging stakes in banks in Indonesia, Thailand, Vietnam and the Philippines enables MUFG to extend more support to its customers