MUFG Is Bullish on India and Seeking M&A Deals to Drive Growth [Yahoo! Finance Canada]
Mizuho Financial Group, Inc. Sponosred ADR (Japan) (MFG)
US:NYSE Investor Relations:
mizuho-fg.com/investors/index.html
Company Research
Source: Yahoo! Finance Canada
Most Read from Bloomberg The goal for Japan's largest lender is to push up its buyouts and investment in India, and increase annual returns from them to 20% in 10 years, Yasushi Itagaki, head of MUFG's global commercial banking business, said in an interview. Given India's ambition to become a manufacturing powerhouse, its energy demand is likely to rise and there are already many renewable projects, creating opportunities for MUFG as a finance provider, Itagaki said. “It has good economic fundamentals and political stability. The financial sector grows in such markets.” MUFG is competing with a slew of global lenders to expand in the world's fastest-growing major economy. Domestic rival Mizuho Financial Group Inc., for one, is investing in a financial services startup, while Sumitomo Mitsui Financial Group Inc. is considering how to become more of a full-fledged banking player in the country despite regulatory hurdles. But while India has a standout economic growth rate, wit
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MFG
Sec Filings
- 11/14/24 - Form 6-K
- 11/14/24 - Form 6-K
- 11/14/24 - Form 6-K
- MFG's page on the SEC website