Kotak Mahindra Bank (KMBL) is set to acquire Standard Chartered Bank’s personal loan portfolio in India, valued at ₹4,100 crore. This move will boost Kotak’s presence in the retail credit market. Standard Chartered aims to shift focus toward wealth and investment banking in India. The Reserve Bank of India’s stricter regulations on unsecured loans, introduced last year, influenced this decision. The deal is expected to close within three months, subject to regulatory approvals. KMBL emphasized the loans are classified as "standard" and in line with RBI norms.