A PYMNTS Company

India: Banking merger approved for Kotak, Barclays

By  |  January 25, 2013

India’s Competition Commission has approved of Kotak Mahindra Bank’s proposed acquisition of Barclays Bank’s unsecured loan business in the nation. The CCI announced it did not suspect significant competition concerns through the merger. According to reports, the deal involves Kotak acquiring Barclays’ business installment loans portfolio. The deal was first proposed last December and first submitted for approval earlier this month.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

     

    Full Content: Money Life

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.