$MUFG

Mitsubishi UFJ Financial Group (MUFG) is considering increasing its stake in Shriram Finance from 20% to over 50%, potentially investing over $10bn. The deal is in early stages, with no timeline set. MUFG previously invested $4.4bn for a 20% stake, valuing Shriram at over $20bn. Shriram focuses on lending to underserved borrowers, a niche foreign banks rarely target independently.

Japan was India's top FDI source in Q1 FY27, with $5.71B inflows, driven by MUFG Bank's $4.4B stake in Shriram Finance. Singapore and Mauritius ranked second and third. Investments span financial services, manufacturing, and tech sectors.

Japanese shares fell for a second day, with Nikkei 225 down 1.1% and Topix down 1.3%, following Wall Street's selloff. US Fed minutes indicated support for further rate hikes. Oil prices rose due to geopolitical tensions. Notable movers: Advantest (-1.12%), SoftBank Group (-3%), Mitsubishi UFJ (-1.8%), and Kioxia Holdings (+2.9%).

MUFG has appointed Dylan Roy, former UBS global co-head of fixed income trading, as head of G10 rates (ex-Japan) to expand its global rates business. Roy brings over 30 years of experience in fixed income, rates, FX, and credit markets. MUFG aims to deepen client relationships and enhance its G10 rates offering worldwide.

JCB International and PT Bank Danamon Indonesia Tbk launched the Danamon JCB Treasure Card for affluent customers in Indonesia. This is the first initiative under a 2026 partnership between MUFG Bank and JCB. The card offers exclusive experiences, cashback, and travel benefits in Japan. The companies aim to boost travel to Japan and enhance cross-border payment services in ASEAN.

Mitsubishi UFJ Financial Group (MUFG) shares fell 1.0% to $23.13 on September 29, 2026. GuruFocus estimates the stock is 85.9% overvalued, with a GF Value of $12.44. MUFG's P/E ratio is 15.1x, 28% above its 5-year median. The GF Score is 61/100, with strong profitability but weak valuation. No insider transactions occurred in the past year.

Major Japanese bank stocks rose on Friday, with Mizuho, Sumitomo Mitsui, Mitsubishi UFJ, Japan Post Bank, and Resona gaining 3.2% to 4.5%. The Nikkei 225 also climbed over 1%. This followed a surge in Japanese government bond yields, hitting a 30-year high, and expectations of further interest rate hikes by the Bank of Japan and the Federal Reserve. Higher yields improve lending margins for banks, but also increase credit risks. Japan Post Bank outperformed due to its large government bond book.

Asian bank stocks fell Tuesday, led by Japanese lenders, after Bank of America warned of weaker trading and investment-banking revenue in Q3, citing a likely 10% drop in fees to $1.6B-$1.8B. Rising bond yields and rate hike expectations added pressure. U.S. financial stocks also declined Monday, with BofA down 5.1% and the KBW Bank Index falling 1.9%.

Japanese banks are raising deposit rates and offering rewards to attract savers as interest rates rise. Mizuho, Mitsubishi UFJ, and Sumitomo Mitsui are among those introducing new services. Banks profit from the spread between deposit and lending rates. Consumers are weighing deposits against investments, with varying strategies. Regional banks are also innovating with themed products, like Kairos' space-industry deposit.

MUFG Bank's Manila branch has started operating as a universal bank, following a license upgrade approved by the Bangko Sentral ng Pilipinas. This allows the branch to offer additional services beyond traditional banking, though specific new offerings were not disclosed. MUFG Bank is a subsidiary of Japan's Mitsubishi UFJ Financial Group.