MUFG Eyes Acquisition Deals to Drive Growth & Boost Presence in India

Zacks11-12

Mitsubishi UFJ Financial Group, Inc. MUFG is optimistic regarding the growth potential of India and is seeking acquisition opportunities to strengthen its presence in the world's most populous country...

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MUFG is optimistic regarding the growth potential of India and is seeking acquisition opportunities to strengthen its presence in the world's most populous country...</p>\n\n<a href=\"https://finance.yahoo.com/news/mufg-eyes-acquisition-deals-drive-164700161.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>MUFG Eyes Acquisition Deals to Drive Growth & Boost Presence in India</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMUFG Eyes Acquisition Deals to Drive Growth & Boost Presence in India\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-12 00:47 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/mufg-eyes-acquisition-deals-drive-164700161.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Mitsubishi UFJ Financial Group, Inc. MUFG is optimistic regarding the growth potential of India and is seeking acquisition opportunities to strengthen its presence in the world's most populous country...</p>\n\n<a href=\"https://finance.yahoo.com/news/mufg-eyes-acquisition-deals-drive-164700161.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"DBSDY","symbol_name":"DBS Group Holdings Ltd.","start_time":0,"source_url":"https://finance.yahoo.com/news/mufg-eyes-acquisition-deals-drive-164700161.html","article_id":"2482590127","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/8IbSz7A4pSsqK5Rfs61ytw--~B/aD00MTM7dz02MjA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/72e92f2def8e0975361faddc09fe1438"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2482590127","pubTimestamp":1731343620,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Mitsubishi UFJ Financial Group, Inc. MUFG is optimistic regarding the growth potential of India and is seeking acquisition opportunities to strengthen its presence in the world's most populous country.According to Yasushi Itagaki, head of Mitsubishi UFJ’s global commercial banking business, MUFG’s goal is to increase its investments and acquisitions in India and boost its annual returns from them to 20% over the next 10 years.MUFG Aims to Capitalize on India’s Growing Economy. Through such strategic investments in digital startups and tech firms, MUFG aims to reap the benefit of fast-growing digital finance in the APAC region. Also, MUFG","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"DBSDY":"DBS Group Holdings Ltd.","BK4207":"综合性银行","HSBC":"汇丰","BK4585":"ETF&股票定投概念","LU2236285917.USD":"ALLIANZ GLOBAL INCOME \"AMG\" (USD) INC","BK4588":"碎股","MUFG":"三菱日联金融","BK4521":"英国银行股"},"translate_title":"三菱日联金融集团着眼于收购交易以推动增长并扩大在印度的业务","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"DBSDY":1,"HSBC":1,"MUFG":1},"content_text":"Mitsubishi UFJ Financial Group, Inc. MUFG is optimistic regarding the growth potential of India and is seeking acquisition opportunities to strengthen its presence in the world's most populous country. According to Yasushi Itagaki, head of Mitsubishi UFJ’s global commercial banking business, MUFG’s goal is to increase its investments and acquisitions in India and boost its annual returns from them to 20% over the next 10 years.\nMUFG’s Strategic Expansion in Asia\nItagaki is leading MUFG’s growth strategy in Asia, prioritizing expansion in India and the enhancement of digital operations across the Asia-Pacific (APAC) region, as these areas are crucial for driving higher profits for the company. He compares the expansion strategy to the \"Mickey Mouse model,\" where the face symbolizes MUFG's global banking operations, aiming for a 15% return on equity over the next 10 years. The ears represent India and its digital initiatives, both targeting annual returns of 20%.In the digital space, MUFG is looking at buying or investing in fintech companies in Asia, such as online consumer lenders. In August 2024, MUFG and its consolidated subsidiary, MUFG Bank, announced an additional investment of $336.6 million in DMI Finance Private Limited, a digital financial services business in India. In the same month, MUFG and MUFG Bank announced their plan to invest $393 million in Globe Fintech Innovations, Inc., the firm that manages GCash, to extend its foothold in Asia’s booming digital financial market. MUFG also invested in several digital startups and tech firms in the APAC region since 2020. These include investments in Ascend Money, Grab, Home Credit, Akulaku and Garuda Fund. In 2023, the bank launched the MUFG Openly Connected Digital Ecosystem, intending to share knowledge among the companies that Mitsubishi UFJ invested in.\nMUFG Aims to Capitalize on India’s Growing Economy\nAccording to Itagaki, the energy demand in India is likely to expand as the country strives to become a manufacturing powerhouse. In addition, the country has various renewable projects in its pipeline, providing valuable opportunities for MUFG as the main finance provider.He further added that “It has good economic fundamentals and political stability. The financial sector grows in such markets.”According to Bloomberg data, MUFG topped the country’s foreign currency loans league table in 2024, surpassing other major players like HSBC Holdings plc HSBC and DBS Group Holdings Ltd. DBSDY. Like HSBC and DBSDY, MUFG also has its back-office business set up in India, providing support services for its global operations. Established in 2020, this unit currently employs approximately 1,500 staff. As part of its expansion plan in India, Itagaki also intends to double the workforce within the next three years.\nParting Thoughts on MUFG\nThrough such strategic investments in digital startups and tech firms, MUFG aims to reap the benefit of fast-growing digital finance in the APAC region. Also, MUFG is well-poised to gain from the rapid growth opportunities in India and the overall APAC region. Although India has an impressive economic growth prospect and is a lucrative pick for foreign companies, its GDP of 6.7% showed a slowdown year over year in the April-June quarter from the previous periods. In the banking sector, India has been witnessing an increase in retail loan defaults due to the aggressive lending practices in the country. These unrecovered loans could potentially lead to financial stress in the economy, which could slow down the stock market performance and affect the broader economy.Nonetheless, with careful navigation of these risks, MUFG is positioned to leverage long-term growth potential in the region.\nMUFG’s Price Performance and Zacks Rank\nIn the past six months, shares of MUFG on the NYSE have gained 12.2% against the industry’s decline of 8.7%.\nImage Source: Zacks Investment Research\nAt present, MUFG sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks Rank #1 stocks here.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nDBS Group Holdings Ltd (DBSDY) : Free Stock Analysis Report\nHSBC Holdings plc (HSBC) : Free Stock Analysis Report\nMitsubishi UFJ Financial Group, Inc. (MUFG) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2482590127"}