Japan's MUFG Bank to invest additional $330m in India's DMI Finance

Financial group builds on 2023 stake as partnership progresses

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MUFG Bank previously invested 19.1 billion rupees in DMI Finance in 2023. © Reuters

YUKI NAKAMURA, Nikkei staff writer

TOKYO -- Japan's MUFG Bank announced on Thursday that it will invest an additional 27.9 billion rupees ($332 million) in Indian nonbank DMI Finance, aiming to spur the company's continued growth in online loans.

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