The Competition Commission of India (CCI) approved Kotak Bank's proposal to acquire Standard Chartered's ₹4,100 crore loan book:

Daily Current Affairs / The Competition Commission of India (CCI) approved Kotak Bank's proposal to acquire Standard Chartered's ₹4,100 crore loan book:

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Category : Business and economics Published on: November 28 2024

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In October, Kotak Mahindra Bank Limited announced that it had entered into an agreement to acquire the Personal Loan book of Standard Chartered Bank, India.
Effective September 30, 2024, the Proposed Transaction includes a total loan outstanding amounting to approximately Rs 4,100 crore (~$490 million). These loans are categorized as "Standard Loans" in accordance with the guidelines provided by the Reserve Bank of India (RBI).

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Mar 11

The Competition Commission of India (CCI) approved Kotak Bank's proposal to acquire Standard Chartered's ₹4,100 crore loan book:

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Mar 13

Mar 12

Mar 11

Mar 11

Mar 11

The Competition Commission of India (CCI) approved Kotak Bank's proposal to acquire Standard Chartered's ₹4,100 crore loan book:

Recent Post's

Notification
view all