Kotak Mahindra Bank Limited — Updates, 18-10-2024: Press Release

Kotak Mahindra Bank has announced the acquisition of Standard Chartered Bank's personal loan book, valued at approximately ₹4,100 crore. This strategic move aims to enhance Kotak’s presence in the retail credit market and leverage growth opportunities in the affluent customer segment. The transaction, not involving related parties, is expected to conclude within three months, pending regulatory approvals, and reflects Kotak's commitment to seamless customer integration and technology-driven service.