MUFG Bank Seeks More Acquisitions After $4.3 Billion India Deal

MUFG Bank Ltd. is looking for opportunities to make further acquisitions or investments in Asia and elsewhere, according to the new head of the lending unit at Japan’s largest banking group.

Non-bank financial companies are potential targets, banking unit Chief Executive Officer Masakazu Osawa said, not ruling out further forays even as MUFG completes its acquisition of a 20% stake in an Indian consumer lender. The firm sealed the 396.2 billion rupee ($4.3 billion) deal with Shriram Finance Ltd. earlier this month, touted as the largest cross-border investment in India’s financial services sector.