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Kotak Mahindra Bank acquires Standard Chartered's personal loan portfolio in India
Shares of Kotak Mahindra Bank are gaining attention following the Competition Commission of India's approval for its acquisition of Standard Chartered's unsecured personal loans portfolio in India for Rs 4,100 crore. This strategic move aims to enhance Kotak's presence in the retail credit market and focus on affluent salaried customers. The acquisition marks a significant transaction under the leadership of Ashok Vaswani.
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