Source: Reuters (via feed)
Standard Chartered is reviewing offers from Kotak Mahindra Bank and Federal Bank. The proposals concern up to 600,000 customers in India who hold only credit card accounts with the British lender. Two sources familiar with the matter provided this information.
The deal involves only customers who have credit card accounts with Standard Chartered. There is no additional information on the status of these offers or any potential decision.
BizTrendWire Insight:
Standard Chartered is evaluating proposals concerning its credit card customer base in India. This reflects activity in customer portfolio transactions within Indian banking.
Standard Chartered is evaluating proposals concerning its credit card customer base in India. This reflects activity in customer portfolio transactions within Indian banking.
