Kotak Mahindra Bank has announced its decision to acquire the personal loan portfolio of Standard Chartered Bank in India, a move that highlights Kotak’s aim to strengthen its position in the country’s highly competitive personal loan sector. The acquisition, valued at $488 million (Rs 41 billion), reflects both banks’ strategic shifts as they focus on different market segments in India. Kotak Mahindra Bank and India’s Personal Loan Sector Kotak Mahindra Bank, one of India’s leading financial institutions, is known for its diversified banking services, ranging from retail loans to wealth…
Kotak Mahindra Bank to Acquire Standard Chartered’s $488 Million Personal Loan Portfolio: Strategic Move in India’s Expanding Loan Market
