Standard Chartered sells India personal loan business to Kotak Mahindra Bank

Standard Chartered sells India personal loan business to Kotak Mahindra Bank

FILE PHOTO: The Standard Chartered bank logo is seen at their headquarters in London, Britain, July 26, 2022. REUTERS/Peter Nicholls/File Photo

Kotak Mahindra Bank will buy Standard Chartered Bank‘s personal loan business in India, the Indian lender said on Friday, leaving the U.K.-based company to focus on its wealth and investment banking  business in Asia’s third-largest economy.