MUFG’s Rs 2.8k crore NBFC bet boosts Japan’s India fin play

DMI Finance, co-founded by ex-Citibankers, plans to raise Rs 2,798 crore from Japan’s MUFG Bank, bringing MUFG’s total investment to Rs 4,712 crore. The firm, known for personal and affordable housing loans, leverages digital channels. Japanese multinationals remain active investors in India, with significant stakes in various sectors.