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Standard Chartered Personal Loan News - Mar 2021
- 2019-03-15 : Standard Chartered Bank to launch digital SME platform in 2019
Standard Chartered Bank has announced that it will launch an open platform for Small and Medium Enterprises (SMEs) in India. The goal is to help SMEs grow by providing access to a range of financial and business solutions. The platform will offer solutions to business including business loans, supply chain financing and logistics. The platform will be available to clients in India in the second half of 2019. In addition to this, the bank is also planning to achieve a significant boost across its personal loans segment. - 2018-12-04 : Standard Chartered Bank plans to boost its personal loans portfolio to 40%
In a bid to cope up with the stress in the corporate segment, Standard Chartered Bank is planning to achieve a significant growth of 40 percent in personal loans segment from 29 percent earlier. In addition to this, the bank will also stress upon other loan portfolios and products including mortgage loans, personal loans, credit cards as well as SME loans. - 2018-07-24 : Standard Chartered Bank lends Rs 3500 to Vedanta
Standard Chartered Bank has loaned Rs 3500 crore to help finance the purchase of Electrosteel. This loan is for ten years and the loan is provided on interest rate between 8.7 percent to 9.10 percent. Vedanta was officially declared the successful bidder for Electrosteel and In June, the acquisition process was completed with the new management taking control. - 2018-02-22 : Standard Chatered Bank hikes MCLR by 10 basis point
Standard Chatered Bank hiked its MCLR by 10 basis points in the two and three year tenors. These rates will be effective from February 7. Consequently, the MCLR is now is the range of 8.70% and 9.65%.
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