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.
However, the RBI (Reserve Bank of India) said the bank shall continue to provide services to its existing customers, including its credit card customers.
On a standalone basis, the net profit for the reporting period was up 7.62% to Rs 3,005 crore, attributed to a sharp rise in provisions.
Kotak Mahindra Bank on Saturday said it closed the second quarter of FY24 with higher net profit of Rs 3,190.97 crore.
A surprising incident at Sri Varaha Lakshmi Narasimha Temple in Simhachalam, Andhra Pradesh’s Visakhapatnam, has been making waves online. A…
Now customers with the bank can be instantly updated their correspondence address on net banking through DigiLocker.
