Standard Chartered, Kotak Mahindra Bank
Kotak Mahindra Bank to Acquire Standard Chartered's Loan Portfolio
Kotak Mahindra Bank announced its acquisition of Standard Chartered Bank's Rs 4,100-crore personal loan portfolio. This strategic move aligns with Kotak's customer-centric growth focus, enhancing its retail lending position.
Kotak Bank to buy Standard Chartered’s Rs 4,100-crore personal loan book
As of June 2024, Kotak Mahindra Bank's personal loans, consumer durable loans, and business loans totalled Rs 20,317 crore, while credit card loans amounted to Rs 14,644 crore.
Kotak Mahindra Bank to acquire Standard Chartered Bank's personal loan book worth ₹ ₹4,100 crore
Kotak Mahindra Bank will acquire Standard Chartered Bank's personal loan book worth ₹4,100 crore on October 18, 2024. This move aligns with Standard Chartered's focus on wealth growth, while Kotak aims to enhance its retail lending segment.
Kotak Mahindra Bank to acquire Standard Chartered India's ₹4,100 cr personal loan book
The transaction is expected to be completed within the next three months, pending regulatory approvals and the satisfaction or waiver of customary closing conditions. KMBL will acquire the loan book,
Kotak Bank to acquire Standard Chartered's India personal loan book for ₹4,100 cr
Kotak Mahindra Bank says Standard Chartered Bank's high-quality loan book allows it to build on its strength in affluent customer segment
Kotak Mahindra Bank to Acquire Standard Chartered India's Rs 4,100-Crore Personal Loan Portfolio
Kotak Mahindra Bank is set to acquire Standard Chartered Banks Rs 4,100-crore personal loan portfolio, enhancing its customer-centric growth strategy.
StanChart sells India personal loan business to Kotak Mahindra Bank
Kotak Mahindra Bank will buy Standard Chartered Bank's personal loan business in India, the Indian lender said on Friday, leaving the U.K.-based company to focus on its wealth and investment banking business in Asia's third-largest economy.
Kotak Mahindra Bank to acquire personal loan book of Standard Chartered
As of September 30, Standard Chartered's personal loan book in India had an outstanding balance of Rs 4,100 crore ($488 million).
Kotak Mahindra Bank to Acquire Standard Chartered's Rs 4,100-Crore Personal Loan Portfolio
Kotak Mahindra Bank is set to acquire Standard Chartereds Rs 4,100-crore personal loan portfolio, enhancing its retail lending capabilities.
Kotak Bank to acquire ₹4,100 crore StanChart India personal loan book
Private sector lender Kotak Mahindra Bank on Friday said it has entered into a definitive agreement to acquire ₹4,100 crore personal loan book of Standard Chartered Bank, India, subject to regulatory approval.
Kotak Mahindra Bank to buy Standard Chartered's India personal loan book
StanChart's personal loan book had an outstanding of Rs 4,100 crore ($488 million) as of Sept. 30, Kotak Mahindra Bank said. India's personal loan market has become intensely competitive amid strong consumer demand.
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Standard Chartered falls Tuesday, underperforms market
Standard Chartered PLC STAN shares dropped 2.07% to £8.22 Tuesday, on what proved to be an all-around rough trading session for the stock market, with the FTSE 100 Index UKX falling 0.52% to 8,249 ...