New Delhi: India’s financial services is one again in the spotlight today after Japan’s Mitsubishi UFJ Financial Group (MUFG) announced earlier today that it would invest around Rs 40,000 crore for a 20 percent stake in Shriram Finance Ltd.

Importantly, the latest deal is the largest strategic investment by a foreign lender in India’s company (NBFC) sector. The deal has been widely welcomed by experts in India. Speaking to NDTV Profit, Keki Mistry, former Vice Chairman and Chief Executive Officer (CEO) of Housing Development Finance Corporation (HDFC), observed that the deal further confidence of foreign investor groups in Indian markets.

As per him, the........

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