Mitsubishi UFJ Financial Group, State Bank of India Forge Strategic Partnership

MT Newswires Live

03/12

Mitsubishi UFJ Financial Group (TYO:8306) has entered into a strategic partnership agreement with the State Bank of India (NSE:SBIN, BOM:500112), which has over 23,000 branches and assets totaling 124.5 trillion yen.

The collaboration aims to support Japanese companies expanding in India and Indian firms seeking growth in Japan and global markets by combining SBI's domestic network with MUFG's cross-border finance expertise, according to a statement on Thursday.

The partnership builds on MUFG's 130-year presence in India, where it operates across six locations, and follows its recent investment in Shriram Finance (BOM:511218, NSE:SHRIRAMFIN) announced in December 2025.

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