Reported about 1 month ago
Mitsubishi UFJ Financial Group Inc. (MUFG) is optimistic about expanding its operations in India, actively seeking acquisition opportunities to enhance its presence in the country. The goal is to increase annual returns from its investments to 20% over the next decade, driven by India's growing manufacturing sector and rising energy demands. MUFG competes with other global lenders while capitalizing on its significant existing footprint and aims to double its workforce in India's back-office operations. Despite the challenges posed by recent economic slowdowns and rising loan defaults, MUFG views India's market potential as a key driver of its growth strategy.
Source: YAHOO