Mitsubishi UFJ Financial Group

MUFG Bank to acquire 20% stake in India’s Shriram Finance for .3 billion

MUFG Bank to acquire 20% stake in India’s Shriram Finance for $4.3 billion

amefika6 months ago03 mins

MUFG Bank, a consolidated subsidiary of Japan’s Mitsubishi UFJ Financial Group, has signed an investment agreement with India’s non-banking financial company (NBFC), Shriram Finance, to subscribe for a preferential allotment of 20% of the shares of Shriram Finance. The total investment, valued at around Rs 396.2 billion (about $4.3 billion), is subject to regulatory approval….

Bank Stocks Fall as U.S. Credit Concerns Shake Investors

amefika8 months ago02 mins

SINGAPORE/LONDON (Reuters) – Shares in European and Asian financial stocks fell on Friday after a drop in shares of U.S. regional banks driven by concerns about rising risks and credit quality. The banking sector’s exposure in two recent U.S. auto bankruptcies has revived concerns about credit standards more than two years after the collapse of…