MUFG Bank will be the first Japanese Bank to open branch at Gujarat International Financial Tech City (GIFT City) in a bid to offer a wide range of banking services to both domestic and global clients. MUFG Bank has obtained necessary approvals from the International Financial Services Centre Authority in India and the Financial Services Agency in Japan, to open a branch at GIFT City.

MUFG had opened its first branch in Mumbai in 1953. “With the setup of a GIFT Branch, MUFG can support its domestic as well as global clients with an expanded suite of financial services and responding to their needs in carrying out international transactions,” the bank said. Source

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