
State Bank of India (SBI), has signed a strategic partnership agreement with Japan-based MUFG Bank to jointly explore opportunities in project structuring and financing.
The collaboration will focus on sectors such as mergers and acquisitions (M&A), aviation and real estate finance, while supporting both Indian and global clients through cross-border financial solutions.
Under the partnership, both institutions will work together on areas including M&A advisory, project financing, trade finance and retail banking solutions. The banks also plan to facilitate business opportunities by connecting Indian mid-corporates and micro, small and medium enterprises (MSMEs) with Japanese corporate clients.
The collaboration aims to combine SBI’s strong understanding of the Indian market with MUFG’s extensive international network to create financing opportunities and enable cross-border capital flows.
The development comes after SBI chairman C S Setty earlier indicated that the bank was exploring partnerships with Japanese lenders for M&A financing under revised lending norms, which set SBI’s lending ceiling at ₹94,000 crore.
MUFG said the partnership reflects the growing investment corridor between India and Japan. Takuya Senoo, Regional Executive for India and Sri Lanka at MUFG Bank, said, “India represents one of the most compelling growth markets globally, and the India-Japan corridor continues to deepen.”
He added that the collaboration will help support both inbound investments into India and global expansion plans of Indian corporates through integrated cross-border solutions.
The 2 banks have already worked together on several initiatives. Recently, SBI launched a $500 million syndicated gender loan facility arranged by MUFG to support women’s economic empowerment.
In 2023, MUFG also served as the lead social loan coordinator and arranger for SBI’s $1 billion inaugural social loan, one of the largest raised by a bank in the Asia-Pacific region.
MUFG has also engaged with SBI’s CHAKRA Centre of Excellence to support project finance frameworks aligned with India’s Viksit Bharat 2047 vision.
Read More: SBI Launches $500 Million ESG-Linked Social Loan to Support Women’s Economic Advancement!
As of 12 March 2026, at 10:15 AM, SBI share price is trading at ₹1,073.70 per share, a decline of 1.59% from the previous closing price. Over the past month, the stock has declined by 9.95%.
The partnership between SBI and MUFG is expected to strengthen financial cooperation between India and Japan by expanding cross-border financing, enabling joint advisory capabilities and supporting investment opportunities across multiple sectors.
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Published on: Mar 12, 2026, 1:20 PM IST

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