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Finance

MUFG to open first Japanese bank branch in Indian fintech zone

Lender looks to provide low-cost dollar financing from Gujarat site

MUFG Bank will open its sixth Indian branch in the smart city special economic zone being developed in Gujarat.   © Reuters
JUN WATANABE, Nikkei staff writer | India

TOKYO -- MUFG Bank will become the first Japanese lender to establish a presence in an Indian fintech hub and special economic zone being created in the western state of Gujarat.

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