MUFG

The lenders will set up a council to examine operational frameworks and prepare for the issuance

Japan’s biggest financial institution is working with an adviser on a plan

They project earnings will scale new heights as rising interest rates spur loan profitability

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