TOKYO -- Mitsubishi UFJ Financial Group has posted record earnings for the recently ended fiscal year with plans for more growth over the next three years, focused on corporate banking in India and elsewhere in emerging Asia.
MUFG and fellow Japanese megabanks Sumitomo Mitsui Financial Group and Mizuho Financial Group have reported a combined net profit of 3.13 trillion yen ($20 billion) for the year ended March 31. This is up 26% on the previous year and the highest since a series of mergers created the three institutions decades ago.
