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MUFG Bank devotes $300m to direct stakes in Indian startups

Japanese megabank aims to tap technology from thriving fintech sector

MUFG Bank is investing in Southeast Asian and Indian companies to build a web of business ties. (Photo by Akira Kodaka)

TOKYO -- Japan's MUFG Bank will invest $300 million directly into promising Indian startups, tapping the country's growing fintech sector.

MUFG Bank will choose about a dozen targets already achieving growth. An ideal candidate would be on the verge of an initial public offer. 

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