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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.
Why has Kotak Mahindra Bank decided to acquire Standard Chartered's $488 mn personal loan book?
The deal for Standard Chartered’s $488 million personal loan book is expected to close within three months, pending regulatory and other approvals, Kotak said
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 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.
Kotak Mahindra Bank To Acquire Standard Chartered India’s Personal Loan Book In ₹4,100 Crore Deal
Kotak Mahindra Bank Limited (KMBL) on Friday (October 18) through an exchange filing announced that it has entered into an agreement to acquire Standard Chartered Bank India’s Personal Loan book, the company announced through an exchange filing.
Kotak Bank to acquire StanChart India’s personal loan portfolio
Kotak Mahindra Bank acquires Standard Chartered Bank's personal loan book to strengthen retail credit market position.
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 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.
3d
on MSN
Why bitcoin has 12% upside in the weeks before the election, Standard Chartered says
Bitcoin has the potential to hit an all-time record in the next couple of weeks ahead of the election, Standard Chartered ...
21h
China: September performance beats expectations – Standard Chartered
The better-than-expected Q3 outcome poses upside risk to our annual growth forecast of 4.8%, Standard Chartered’s economists ...
Cryptopolitan on MSN
2d
Bitcoin will make a new all-time high before US election: Standard Chartered
Bitcoin could hit $74,000 before the U.S. election, according to Geoff Kendrick, Standard Chartered’s Head of Digital Assets ...
MarketWatch
3d
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 ...
3d
on MSN
Standard Chartered wins Libor-linked court battle against investors
British bank Standard Chartered has won its battle against its investors, meaning it can now impose "fundamentally different ...
4d
Standard Chartered implements Straight2Bank Autoquote
Customers can now digitally request and receive letters of credit quotations whenever they want due to Standard Chartered new ...
MarketWatch
8d
Standard Chartered rises Thursday, outperforms market
Shares of
Standard
Chartered
PLC STAN inched up 0.41% to £8.34 Thursday, on what proved to be an all-around grim trading ...
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