Japan's largest lender is expanding its footprint in India by launching a real estate lending arm and scaling its foreign exchange derivatives business. The move follows a significant $4.4 billion investment in Shriram Finance.
- MUFG to launch real estate lending operations this financial year
- Expansion of forex derivatives business in Indian low-tax hubs
- Total investment in India now stands at approximately $7 billion
- Recent $4.4 billion acquisition of stake in Shriram Finance Ltd
- Strategic move to leverage India's position as the fastest-growing major economy
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