Bank of Tokyo-Mitsubishi to double branch count in India

Japanese financial services group, The Bank of Tokyo-Mitsubishi (BTMU) is planning to double its branch count in India to 10 over the next three years. The bank is also targetting 10% credit growth in FY16. 

BTMU India lends to large domestic corporates, global non-Japanese multi-national corporates and local subsidiaries and joint ventures of Japanese companies. It plans to expand its business by targetting Indian corporates Astrology market books

According to latest data, the bank's asset book stood at Rs 15,986 crore as at end September 2014. The bank's capitalisation is strong, with common equity Tier 1 ratio of 24.1% at end-September 2014. 

The capital ratios have declined due to the high loan growth (30% absolute growth during April-September 2015). BTMU India intends to maintain a minimum equity tier 1 ratio of around 20% over the near-medium term. 

The ratio of current account deposits to total deposits at end of FY14 was 33% Personal Numerology Trading Tips

The Tokyo-based parent has identified India as an important growth market, and the move further bolsters the expectation of support, according to India Ratings. 

BTMU has earlier supported BTMU India through equity injections and subordinated loans regularly over the past few years. 

Also, a bulk of its deposits are from Japanese corporations, based on its relationship in Japan/globally, and is thus considered more sticky Jupiter Astro Book 2015-2016