MUFG Bank partners with State Bank of India 13 March 2026Japan, India Reporter: Tahlia Kraefft
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MUFG Bank, a subsidiary of Mitsubishi UFJ Financial Group, has entered into a Strategic Partnership Agreement with State Bank of India (SBI).
The partnership aims to support the growth of Japanese companies expanding their business in India, as well as Indian companies seeking to expand into Japan and other global markets, by combining SBI’s domestic network and customer base rooted in the Indian market with MUFG’s global network and cross-border finance experience.
For MUFG Bank, which positions Asia as its second home market, India is one of its most important markets globally.
In addition, MUFG Bank further demonstrated its long-term commitment to the Indian market by announcing an investment in Shriram Finance in December 2025.
This collaboration is also aligned with the ‘Special Strategic and Global Partnership’promoted by the governments of Japan and India.
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