Bank of Tokyo-Mitsubishi to double branch count in India

The Bank of Tokyo-Mitsubishi UFJ (BTMU), largest bank in Japan, plans to double its branches in India to 10 over the next three years.

It has targeted 10 per cent credit growth in the current financial year Share Market Astrology

India is being identified as an important growth market in Asia by the parent, according to India Ratings. BTMU has supported BTMU India through equity injections and subordinated  loans regularly over the past few years.

BTMU India lends to large domestic companies, global non-Japanese multinational corporate groups, and local subsidiaries and joint ventures of Japanese companies. It plans to expand its business towards highly rated Indian companies Sensex Astrology

Its asset book was Rs 15,986 crore at the end of September 2014, the latest figures disclosed. The common equity tier-1 ratio was 24.1 per cent at the time. Capital ratios have declined since due to the high loan growth (30 per cent absolute growth during April-September 2015).

BTMU India intends to maintain a minimum equity tier-1 ratio of around 20 per cent over the near to medium term. The ratio of current account deposits to total deposits at the end of March 2014 was 33 per cent. The bulk of its deposits was from Japanese corporations, based on its relationships in Japan or globally, thus considered more ‘sticky Indian stock market astrology prediction