Sunday, December 7, 2025
28.5 C
Bangkok

Kotak Mahindra Bank to buy StanChart’s India personal loan business

(Reuters) — 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.

StanChart’s personal loan book had an outstanding 41 billion rupees ($488 million) as of Sept. 30, Kotak Mahindra Bank said.

Read more…

Latest articles

Popular Categories