Kotak Mahindra Bank to acquire Standard Chartered Bank's personal loan book worth ₹ ₹4,100 crore | Company Business News

Kotak Mahindra Bank announced its acquisition of Standard Chartered Bank’s personal loan portfolio in India, valued at ₹4,100 crore. The acquisition is part of Kotak Mahindra Bank’s strategy to expand its retail lending business and enhance its market presence. The deal includes the transfer of Standard Chartered’s personal loan customers and related assets. Kotak Mahindra Bank aims to leverage its strong distribution network and digital capabilities to integrate the acquired portfolio seamlessly. The acquisition is expected to strengthen the bank’s retail lending segment and drive growth in the competitive banking sector.