(27 Nov 2024, 19:17)

Kotak Mahindra Bank receives CCI approval for acquisition of SCB's personal loan book

Kotak Mahindra Bank announced that the Competition Commission of India (CCI) has vide its letter dated 26 November2024 conveyed its approval to the Bank, for the acquisition of personal loan book of Standard Chartered Bank, India. All regulatory approvals required for the said acquisition have now been received and the said acquisition will be completed upon fulfilment of other conditions precedent.

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Kotak Mahindra Bank receives CCI approval for acquisition of SCB's personal loan book