22/8/2024, 11:12:03 am

MUFG Bank doubles down on its investment in DMI Finance

DMI Finance Pvt Ltd, the non-banking lending arm of the DMI Group, has raised Rs 2,798 crore (approximately $333 million) in equity investment from Mitsubishi UFJ Financial Group, Inc., via its consolidated subsidiary MUFG Bank. The latest fundraising brings MUFG's total investment in DMI Finance, which offers products such as consumption, personal and MSME Loans, to Rs 4,712 crores.