Kotak Mahindra Bank has completed the acquisition of the
personal loan book of Standard Chartered Bank, India, on January 23, 2025,
after having received the necessary regulatory approvals and upon fulfillment
of the relevant conditions precedent. The aggregate size of the portfolio
acquired is Rs 3,330 crore.
Earlier, the bank had entered into an agreement to acquire
the personal loan book of Standard Chartered Bank, India, further strengthening
its position in the retail credit market.
Kotak Mahindra Bank offers a wide range of banking products and financial services for corporate and retail customers through a variety of delivery channels and specialized subsidiaries in the areas of personal finance, investment banking, life insurance, and wealth management.
Source: Ace Equity
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