Leading non-banking financial company (NBFC) Shriram Finance on Friday said Japan-based MUFG Bank would invest Rs 39,618 crore, or $4.4 billion, to acquire a 20 per cent stake on a fully diluted basis through a preferential issue of equity shares.Illustration: Uttam GhoshThis will be the largest foreign direct investment (FDI) ever in India’s financial services sector, which has seen a spate of large deals this year.The transaction will surpass Emirates NBD’s October deal to acquire a 60 per cent stake in R ...

India’s financial services companies including banks and non-banking finance companies (NBFCs) have seen record foreign direct investment (FDI) flowing in the current calendar year. businessline takes a re-look at some of the largest deals in 2025:Shriram Finance-MUFG dealOn December 19, India’s second largest NBFC Shriram Finance said it has entered into definitive agreement with Japan’s largest lender MUFG Bank wherein the latter will pick 20 per cent stake in the NBFC for ₹39,618 crore. This is the large ...

According to previous ET reports, Japan’s largest bank MUFG will acquire a 20% stake in The deal will value Shriram Finance at a market capitalisation of Rs 1.63 lakh crore, making it the second-largest non-banking finance company (NBFC) in India after The development comes after MUFG’s board cleared the proposal earlier this week in Tokyo, and Shriram Finance’s directors are expected to give it the go-ahead on Friday. The capital infusion will not involve any secondary sale of shares.Post-investment, MUFG ...

India’s Parliament has approved legislation that will raise the foreign direct investment (FDI) cap in the insurance sector from 74% to 100%. This amendment is part of the Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Bill, 2025, which also grants new regulatory authority to the Insurance Regulatory and Development Authority of India (IRDAI) over matters such as commission payments. The bill was first proposed in December last year. While introducing the bill in the Lok Sabha, the lower house o ...

On October 1, ET had reported that MUFG was in advanced talks to take a 20% stake in India's second largest non-banking finance company (NBFC), Shriram Finance, for about ₹23,200 crore ($2.6 billion). If the deal fructifies, it would be the biggest strategic investment by an overseas lender in the Indian NBFC. However, valuations have since climbed as investors have poured money into the stock in anticipation of the deal. From ₹616 a piece at the end of September 30, the Shriram stock has risen more than ...

“By contrast, AI-related investment is still gaining momentum across all sectors. Western Europe remains well positioned here, with strong research and development capabilities and deep engineering talent pools, which continue to attract international companies seeking to establish advanced research, data and engineering hubs.”"Industrial projects in Western Europe are likely to continue decreasing, but the impact is now spreading to other activity types. Green tech and renewable-energy investments, which w ...

India’s parliament on Wednesday approved a bill to raise foreign direct investment in the insurance sector to 100% from 74%, a move that will help insure more people in the world’s most populous country.The increase in the FDI limit could boost investments and improve insurance penetration in the country, which stood at 3.8% of GDP in 2024, according to research firm Swiss Re Institute. “The amendments are expected to further strengthen job creation, skill development and formal employment,” Finance Ministe ...

Nageswaran said he expected gross foreign direct investment (FDI) inflows into India to cross $100 billion this fiscal year, against $80.6 billion in FY25. But the country has to “up its game” to further bolster its FDI inflows, as the geopolitical and geoeconomic terrain has altered dramatically in recent years, he stressed. “The nature of the terrain has shifted,” he said. “It has become a much harder terrain. Therefore, we need to up our game with respect to courting FDI and global supply chain companie ...

行业与公司 * 报告由瑞银全球外汇策略团队发布 专注于全球外汇市场策略研究 特别是美元前景[1][2] * 核心议题是探讨近期贸易协议下的外国直接投资激增是否会对美元产生积极影响[2] 核心观点与论据 * **Q2美国FDI流入显著反弹**：总流入额从Q1的430亿美元大幅增至1019亿美元 为自2022年Q4以来最高水平[2] * **制造业是反弹主要驱动力**：制造业部门流入511亿美元 剔除再投资收益后仍达386亿美元[2] * **欧洲和亚洲是主要投资来源**：欧洲投资者总投资额为555亿美元 亚洲为323亿美元[2] * **净FDI余额转为正值**：由于美国对外FDI急剧减少 Q2净余额强劲正值 使四季度的净FDI衡量指标达到GDP的01%的小幅盈余[2] * **对FDI持续影响美元持谨慎态度**：尽管有初步迹象 但认为FDI对美元产生有意义影响的门槛相当高[2] * **M&A活动未显示显著增长**：截至10月的并购公告追踪器并未显示美国入境交易有显著回升 年内迄今的总体交易量仅略高于前三年平均水平[7] * **投资组合流动的影响远大于FDI**：过去十年 FDI余额的高低位差约为5300亿美元 而投资组合投资余额的高低位差约为16万亿美元 后者波动性更大[11] * **对冲流动可能更具影响力**：外国持有的美国投资组合资产规模约34万亿美元 全球外汇对冲比率即使仅变化1个百分点 也可能产生近3000亿美元的资金流 远大于近期FDI余额的变化[11] 其他重要内容 * **短期公允价值模型**：提供了主要货币对的短期公允价值估计 例如欧元兑美元公允价值为11473 现货价格较公允价值高056%[175] * **头寸情况**：通过CFTC持仓报告展示了主要货币对的杠杆基金和资产管理公司的头寸变化[43][44][45][46][47][48][49][50][51][52][53][54][55][56] * **宏观因子归因分析**：分析了在2周和4周时间内 政策 长期实际利率 商品 风险等多种宏观因子对主要货币对变动的贡献度[16][17][18][19][20][21][22][23][24][25][26][27][28][29][30][31][32][33][34][35][36][37][38][39][41] * **外汇beta值**：展示了主要货币对标准普尔500指数 美国2年期名义收益率 美国10年期实际收益率和布伦特原油价格变动的敏感度[77] * **波动性分析**：包含3个月隐含波动率 风险逆转 波动率曲线斜率和波动率调整后的套息交易比率等指标[78] * **并购公告追踪与股权投资流向**：提供了各地区并购活动及股票ETF资金流的详细数据[92][93][94][95][96][97][98][99][100][101][102][103][104][105][106][107][108][109][110][111][112][113][114][115][116][117][118][119][120][121][122] * **国际收支宽基余额**：展示了主要经济体经常账户 FDI 投资组合投资和宽基国际收支余额占GDP的百分比[135][136][137][138][139][140][141][142][143][144][146][147]

行业趋势 - 印度中型银行正通过战略交易和技术合作改变由规模主导的行业格局 [1][6] - 外资合作伙伴为中型银行带来雄厚资本和全球经验，助其在信贷市场更有效竞争 [4] - 过去三个月发生多起重大交易，引入大量外资，包括Blackstone投资Federal Bank 620亿卢比、Emirates NBD投资RBL Bank 2,685亿卢比等 [2][6] 战略影响 - 合作伙伴关系为受资产负债表限制的中型银行提供所需的资本实力和规模，以从老牌的私营和公共部门巨头手中夺取市场份额 [1] - 这些交易解决了中型银行可扩展性的主要障碍，包括获得资本、提升市场地位以降低存款和借款成本，以及获得世界级系统、流程和治理框架 [2][6] - 外资投资浪潮表明银行监管机构对允许外资直接投资于规模较小的银行持更开放态度 [4] 市场机会与挑战 - 印度债务与GDP比率较低，因此这些银行在扩大市场份额方面存在巨大空间 [4] - 尽管中型银行可能发展其企业贷款业务，但在零售领域取得进展将更为艰难 [5] - 印度国家银行、HDFC银行和ICICI银行共同控制近70%的工资账户市场，在零售领域占据主导地位 [6] - 公共部门银行仍持有约40%的市场份额且为政府所有，这一领域为挑战者提供了更容易切入的机会 [6]