HDFC Bank Rejects MUFG?s $2 Billion Cheque for NBFC Arm

26 Aug 2024 CW Team

HDFC Bank has turned down a $2 billion cheque from Mitsubishi UFJ Financial Group (MUFG) meant for its non-banking financial company (NBFC) arm, citing issues with the deal's structure and regulatory compliance. The decision marks a significant turn in the proposed investment, which was part of MUFG's strategy to expand its footprint in India?s financial sector.

HDFC Bank?s move to reject the payment comes after extensive discussions and evaluations regarding the terms and conditions of the investment. Sources indicate that the bank had concerns about ensuring the transaction adhered to both domestic and international regulatory standards. This development highlights the complexities involved in large-scale financial transactions and the stringent due diligence processes required.

The proposed investment was expected to strengthen the bank's NBFC division, supporting its growth and expansion plans. However, the rejection underscores the importance of aligning financial agreements with regulatory frameworks and strategic objectives.

Both HDFC Bank and MUFG are expected to engage in further negotiations to address the issues that led to the payment's rejection. This situation emphasises the ongoing evolution of financial partnerships and the need for meticulous planning in high-value transactions.

Infrastructure Energy

22 Dec 2025

Non-fossil Fuels Exceed 50% as India’s Power Capacity hits 505 GW

India has achieved a major milestone in its clean energy transition, with non-fossil fuel sources now contributing more than half of the country’s total installed power generation capacity. As on October 31, 2025, India’s total installed generation capacity stood at 5,05,023 MW, of which 2,59,423 MW is from non-fossil fuel sources, including 2,50,643 MW from renewable energy. Fossil-fuel-based capacity accounts for 2,45,600 MW.This landmark achievement aligns with India’s commitment to reach 500 GW of non-fossil energy capacity by 2030 and reflects the impact of sustained policy support ..

Rs 5.07 Bn Project to Build Disaster-resilient Model Gram Panchayats

In a major step towards strengthening grassroots disaster preparedness, the Government of India has approved the National Project for Strengthening Community-Based Disaster Risk Reduction Initiatives in Panchayati Raj Institutions, with a total outlay of Rs 5.07 billion. The project will be jointly implemented by the Ministry of Panchayati Raj (MoPR) and the National Disaster Management Authority (NDMA) across 20 states.The initiative will cover 81 disaster-prone districts, with 20 Gram Panchayats selected in each district, and will additionally develop 20 Model Gram Panchayats focused on majo..

Government Boosts Ease of Doing Business for MSMEs Nationwide

The Government of India has undertaken a series of policy, financial and digital initiatives to promote ease of doing business for Micro, Small and Medium Enterprises (MSMEs) and create a more enabling ecosystem for their growth and expansion.A key reform was the revision of MSME classification criteria in 2020, further updated with effect from April 1, 2025, to encourage technological upgradation, skill development and business scaling. To simplify compliance and formalisation, the Udyam Registration Portal was launched in July 2020, followed by the inclusion of retail and wholesale traders w..