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

Japan’s MUFG Bank said it has boosted the capital of its branches within India by ₹3,000 crore, as the bank looks to expand its India business. As a result of this capital injection, the total capital of MUFG Bank in India will rise to ₹5,207 crore.

Japan’s MUFG Bank

MUFG Bank, Ltd. is the largest bank in Japan. It was established on January 1, 2006, following the merger of the Bank of Tokyo-Mitsubishi, Ltd. and UFJ Bank Ltd. MUFG is one of the three so-called Japanese “megabanks” (along with SMBC and Mizuho). As such, it is considered a systemically important bank by the Financial Stability Board.

The bank’s head office is in Marunouchi, Chiyoda, Tokyo, and it has 772 other offices in Japan and 76 offices overseas.

  • Founded: January 1, 2006
    Headquarters: Chiyoda, Tokyo