Kotak Mahindra Bank to buy Rs 4100 crore StanC’s personal loan book

Kotak Mahindra Bank has announced it will acquire Standard Chartered Bank's personal loan book in India, worth Rs 4,100 crore. The deal is expected to finalize within three months. This move aligns with Kotak’s strategy to expand its market share and grow in the affluent customer segment, ensuring a smooth transition.