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.
The stock jumped 2.13 per cent to Rs 1,761.20 on the BSE.
The benefits will also include offer special education benefit for children and additional girl child benefit by covering dependent children of up to 22 years in the event of an accident claim by the salary account holder.
The holding of the bank at the consolidated level continues to be 20 per cent.
State Bank of India (SBI) has cut its offering on this segment to 6.70 per cent.
On a consolidated basis, the bank's profit increased by 11 per cent to Rs 2,602 crore as compared to Rs 2,349 crore in the same period a year ago.
