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The Competition Commission of India approved Kotak Mahindra Bank Limited’s acquisition of Standard Chartered Bank, India Branch’s unsecured personal loans portfolio, totaling approximately Rs 4,100 crore, in a transaction expected to finalize within three months. This move aligns with KMBL’s strategy to focus on customer-centric growth and reinforces its leadership in the retail lending space under the leadership of Ashok Vaswani, who became managing director and CEO in early 2024. This acquisition represents a significant milestone for the bank, highlighting its emphasis on expanding operations and strategic growth in the consumer loans segment.
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