CCI okays Kotak Mahindra Bank's deal to acquire Stan Bank's personal loan portfolio

Quick Summary:

The acquisition aligns with Kotak Mahindra Bank's strategy to transform for scale and focus on customer-centric growth.

Deals beyond a certain threshold require approval from the regulator, which keeps a tab on unfair business practices and promotes fair competition in the marketplace.

Kotak Mahindra Bank is a listed entity that provides a range of banking and financial services.

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Article Details

Author / Journalist: Press Trust of India

Category: StartupsEconomyBusiness

Markets: India

Topics: India Bank Acquisition Personal Policy Mahindra Kotak Privacy Standard Chartered

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-27 @ 06:15:06 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: yourstory.com

Language: English

Article Length: 218 words

Reading Time: 2 minutes read

Sentences: 15 lines

Sentence Length: 15 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © YourStory

News ID: 23902213

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About YourStory

Main Topics: StartupsEconomyBusiness

Official Website: yourstory.com

Update Frequency: 22 posts per day

Year Established: 2008

Headquarters: India

News Last Updated: 8 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

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News Language: English

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Publisher ID: #44

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