Federal Bank to acquire Standard Chartered’s select retail credit cards portfolio
Standard Chartered had earlier sold its personal loan business to Kotak Mahindra Bank.
Standard Chartered had earlier sold its personal loan business to Kotak Mahindra Bank.
At the close, the Sensex was up 266.47 points, or 0.32%, to 83,580.40, while the Nifty gained 50.90 points, or 0.20%, at 25,693.70.
At close, the Sensex was up 301.93 points or 0.36% at 83,878.17, and the Nifty was up 106.95 points or 0.42% at 25,790.25.
The Occasion witnessed august presence of Sushri Shobha Karandlaje, Hon’ble Minister of State for MSME, Govt of India.
The partnership reinforces DPIIT’s commitment to nurturing an innovation-led economy and accelerating India’s journey towards becoming a global startup hub.
Kotak Mahindra Bank on Thursday said it has completed the acquisition of the personal loan portfolio of Standard Chartered India for Rs 3,330 crore.
Kotak Mahindra Bank Limited, on Friday, announced that it has entered into an agreement to acquire the Personal Loan book (“Proposed Transaction”) of Standard Chartered Bank, India, further strengthening its position in the Retail Credit market.
At 9.39 a.m., Sensex was up 687 points or 0.83 per cent at 83,635 and Nifty was up 197 points or 0.78 per cent at 25,575.
The market regulator Securities and Exchange Board of India (SEBI) has said Hindenburg Research shared an advance copy of its critical report on Adani Group with New York-based hedge fund manager Mark Kingdon about two months before its public release
The shares of Kotak Mahindra Bank fell nearly 2.5 per cent on Tuesday after Hindenburg Research, in its reply to markets regulator SEBI's show-cause notice
