MUFG targets India as top market outside US, backed by $7B investment

Mitsubishi UFJ Financial Group (MUFG) plans to establish India as its primary market outside Japan and the United States within five years.

The bank reported a 38% compound annual growth rate in local profits to support this initiative.

MUFG has committed a $7 billion investment to the country.

Operations in Gujarat International Finance Tec-City (GIFT City) will address rising demand in corporate and project finance.

This expansion supports MUFG’s broader goal of reaching a 12% return on equity (ROE) by fiscal year 2026.