November 11, 2024

MUFG Is Bullish on India and Seeking M&A Deals to Drive Growth

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Mitsubishi UFJ Financial Group Inc. is bullish on India, where it’s actively looking for acquisition targets that will help boost its presence in the world’s most populous nation.

The goal for Japan’s largest lender is to push up its buyouts and investment in India, and increase annual returns from them to 20% in 10 years, Yasushi Itagaki, head of MUFG’s global commercial banking business, said in an interview.

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