Kotak Mahindra acquires Rs 3,330 cr personal loan portfolio from StanChart

Quick Summary:

The pool acquisition gives access to target profile (middle and high end of salaried persons).

Disclosure: Entities controlled by the Kotak family have a significant holding in Business Standard Pvt Ltd.

The personal loans are part of unsecured retail advances.

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Article Details

Category: BusinessFinance

Markets: India

Topics: Regulatory approvals Personal loan acquisition Financial news StanChart Personal Loan Unsecured loans Standard Chartered Bank Kotak Mahindra Bank Banking sector

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-23 @ 19:58:07 (11 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 335 words

Reading Time: 2 minutes read

Sentences: 20 lines

Sentence Length: 17 words per sentence (average)

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

Copyright Owner: © Business Standard

News ID: 25372455

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About Business Standard

Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 315 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 6 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #49

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