Mizuho and MUFG Expand in India

Two big Japanese banks, Mizuho and MUFG, are making large investments in India.

Mizuho is buying a big part of Avendus, an Indian investment bank, for $523 million.

MUFG is buying a 20% stake in Shriram Finance, a large Indian finance company, for over $4 billion.

These deals show that Japanese banks are interested in India because it's growing fast.

India has many people who need loans, and Japanese banks want to be part of that growth.

Earlier, another Japanese bank, Sumitomo Mitsui, also bought a part of Yes Bank, another Indian bank.