HomeNewsBankingJapan’s MUFG Bank injects ₹3000 crores in India biz

Japan’s MUFG Bank injects ₹3000 crores in India biz

Japan’s MUFG Bank injects ₹3000 crores in India biz – Japan’s MUFG Bank has increased the capital of its branches within India by ₹3,000 crores to expand its India business. the total capital of MUFG Bank in India will rise to ₹5,207 crores after this capital injection.

  • MUFG Bank aims to strengthen its financial base in India and better respond to the diverse financing needs of its clients through the funds.
  • The bank established MUFG Enterprise Solutions India Pvt. Ltd as its global capability centre that supports the technology and innovation arm for MUFG in the year 2020.
  • MUFG Ganesha Fund was established in March 2022 to invest exclusively in seeding Indian start-ups and in September the fund marked its first investment.

About MUFG Bank –

  • Headquarters: Chiyoda City, Tokyo, Japan
  • CEO: Hanzawa Junichi
  • Founded: 1 January 2006

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