Standard Chartered Bank has decided to wind up the consumer finance business of its wholly owned subsidiary due to rising defaults. Consumer finance business was carried out by Standard Chartered Investments and Loans India Ltd., under the brand name ‘Prime Credit’. It has an unsecured personal loan portfolio of around Rs 200 crores. ( Bl 180109)
Thursday, January 22, 2009
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment