The statement mentioned that the partnership is in line with the company's product diversification strategy which aims to make credit more accessible for consumers in a fast, seamless and digital manner.
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.
SBI commands nearly 34 per cent market share in home loans and nearly 33 per cent in the auto loans segment.
Evolving tax structure, globalization, increasing purchasing power are impacting sales. But chief driver of the trend remains leisure consciousness.
