TOKYO -- Mitsubishi UFJ Financial Group seeks to invest in an Indian nonbank lender affiliated with top local lender HDFC Bank, aiming to capture retail financing demand in the South Asian country's growing economy.
Finance
Japan's MUFG in talks to invest in India's HDFC Bank unit
20% stake would mark bank's first major investment in India
A 20% share acquisition in HDB would be Mitsubishi UFJ Financial Group's first large-scale investment in India. (Photo by Jun Watanabe)
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