JOURNAL ARTICLE

MUFG to Foray Into Indian Real Estate, Expand Forex Derivatives.

  • Published In: Bloomberg.com, 2026. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Das, Saikat; Nayak, Siddhi 3 of 3

Abstract

The article focuses on Mitsubishi UFJ Financial Group Inc. (MUFG) expanding its operations in India by beginning real estate lending and enhancing its foreign exchange derivatives business in Gujarat International Finance Tec-City (GIFT City), a low-tax financial hub. MUFG plans to fund projects by both foreign and local developers primarily through rupee-denominated debt, leveraging its growing presence following a $4.4 billion stake acquisition in Shriram Finance Ltd., bringing its total investment in India to about $7 billion. The bank is also increasing its workforce in India, particularly in Global Capability Centers in Mumbai and Bangalore, and aims to support client hedging and internal risk management amid evolving regulatory conditions. MUFG’s Indian business currently holds assets exceeding $20 billion, with a significant portion linked to GIFT City. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2026/04, pN.PAG
  • Document Type:Article
  • Subject Area:Business and Management
  • Publication Date:2026
  • Accession Number:193314409
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