Kotak Mahindra Bank to Acquire Personal Loan Book of Standard Chartered Bank – News18
Kotak Mahindra Bank’s move to acquire Standard Chartered’s personal loan book is aimed at strengthening its position in the retail credit market. The proposed transaction consists of loans classified as ‘Standard Loans’ as per the Reserve Bank of India (RBI) guidelines. Kotak Mahindra Bank on Friday said it has entered into an agreement to acquire…