MUFG and State Bank of India Announce Strategic Partnership to Strengthen Japan–India Business Expansion
Freepik
You're reading Entrepreneur Asia Pacific, an international franchise of Entrepreneur Media.
Mitsubishi UFJ Financial Group (MUFG) Bank today announced a strategic partnership with State Bank of India (SBI) aimed at supporting cross-border business growth between Japan and India. The collaboration will combine MUFG’s global financial network and expertise in cross-border finance with SBI’s extensive domestic reach to better serve companies expanding between the two markets.
Under the partnership, MUFG and SBI will work together to assist Japanese companies expanding operations in India, as well as Indian companies seeking to grow their presence in Japan and other international markets. By leveraging their respective strengths, the banks aim to provide enhanced financial services, including corporate banking, financing solutions, and foreign exchange support tailored to cross-border business needs.
India represents one of MUFG’s most important global markets. The bank has maintained a presence in the country since 1894, when the former Yokohama Specie Bank established a branch in Mumbai (then Bombay). Today, MUFG operates across six locations in India, offering a full suite of banking services primarily for corporate clients, including deposits, loans, and domestic and foreign exchange transactions.
State Bank of India, the country’s largest commercial bank, brings a vast domestic footprint to the partnership, with more than 23,000 branches nationwide. As of December 2025, SBI reported total assets of approximately INR 71.6 trillion (about USD 770 billion), underscoring its central role in India’s financial system.
About Mitsubishi UFJ Financial Group (MUFG)
Mitsubishi UFJ Financial Group, Inc. is one of the world’s leading financial groups, headquartered in Tokyo, Japan. MUFG provides a broad range of financial services including commercial banking, trust banking, securities, credit cards, consumer finance, asset management, and leasing.
About State Bank of India (SBI)
State Bank of India is India’s largest commercial bank and a leading financial institution with a nationwide network of branches and international presence. SBI offers a wide range of banking and financial services to individuals, businesses, and institutions.
Mitsubishi UFJ Financial Group (MUFG) Bank today announced a strategic partnership with State Bank of India (SBI) aimed at supporting cross-border business growth between Japan and India. The collaboration will combine MUFG’s global financial network and expertise in cross-border finance with SBI’s extensive domestic reach to better serve companies expanding between the two markets.
Under the partnership, MUFG and SBI will work together to assist Japanese companies expanding operations in India, as well as Indian companies seeking to grow their presence in Japan and other international markets. By leveraging their respective strengths, the banks aim to provide enhanced financial services, including corporate banking, financing solutions, and foreign exchange support tailored to cross-border business needs.
India represents one of MUFG’s most important global markets. The bank has maintained a presence in the country since 1894, when the former Yokohama Specie Bank established a branch in Mumbai (then Bombay). Today, MUFG operates across six locations in India, offering a full suite of banking services primarily for corporate clients, including deposits, loans, and domestic and foreign exchange transactions.
