StanChart's personal loan book had an outstanding of Rs 4,100 crore (about $490 million) as of Sept 30, the Indian lender said in a statement. These are “standard loans”, as per the Reserve Bank of ...

Kotak Mahindra Bank, which has an ambition to become India’s third largest private sector bank in terms of profit, on Friday announced that it will acquire the personal loan book of Standard ...

The transaction is expected to be completed over the next three months, and Kotak Bank will acquire the loan book which will ... in line with the Reserve Bank of India (RBI) guidelines,” the ...

The acquisition consists of loans classified as “Standard Loans” according to the Reserve Bank of India (RBI) guidelines. The Bank will purchase the personal loan book, which will be ...

The British lender’s personal loan book is around Rs 4,100 crore as on date. Kotak Bank, which was banned by the Reserve Bank in ... affluent and SME segment. “India continues to be a key ...

The Reserve Bank of India (RBI) has temporarily barred four ... loans and affordable home loans in recent years. Its loan book stood at ₹1,685 crore as of 30 June, with an average ticket size ...

As of Nov. 5, 2024, banks in India are offering home loans at interest between 8.35% and 14.50% to eligible applicants. Meanwhile, the Reserve Bank of India ... good repayment history has more ...

On Thursday, the Reserve Bank of India (RBI) sought action against four ... discouraging them from pursuing aggressive loan book expansion at the cost of regulations and fair practices.

Foreign nationals from certain countries, such as Pakistan, Bangladesh, and China, must obtain prior approval from the Reserve Bank of India (RBI ... age, and credit history. Typically, banks offer up ...

Elcid Investments has surged from ₹3.53 to ₹2.36 lakhs in one trading session, becoming India's most expensive stock. This ...

Amid reports that the Reserve Bank of India ... by September 2025. India's most valued conglomerate is also said to have been ...

The proposed transaction consists of so-called standard loans, or those loans that are performing well and are not showing any signs of distress or default, as per the Reserve Bank of India (RBI) ...