State Bank of India (SBI) and MUFG Bank Ltd. (MUFG) sign partnership to strengthen India-Japan economic corridor

Key facts

• State Bank of India (SBI) and Japan-based MUFG Bank Ltd. (MUFG) have signed a strategic partnership agreement to advance bilateral financial collaboration.
• The alliance aims to strengthen the India-Japan economic corridor by leveraging the domestic reach of SBI and the global network of MUFG.
• The partnership focuses on facilitating cross-border capital flows and supporting sustainable economic growth for businesses in both nations.
• Collaboration will target specific sectors including Mergers and Acquisitions (M&A) advisory, Aviation finance, and Real Estate finance.
• The agreement includes cooperation on trade finance, retail banking solutions, and identifying financing opportunities for Indian Micro, Small and Medium Enterprises (MSMEs).
• The initiative aims to support Japanese corporates expanding in India and Indian enterprises pursuing growth in Japan and other global markets.