business
Kotak to acquire Deutsche Bank’s retail and wealth businesses in India
Key takeaways
- Kotak to acquire Deutsche Bank’s retail and wealth businesses in India.
- According to Reuters, the deal is valued at over Rs 2.82bn ($29.79m).
- The businesses involved include about €2.7bn in loans, along with €1.5bn in deposits and €1bn of assets under management.
Kotak to acquire Deutsche Bank’s retail and wealth businesses in India. The deal forms part of Kotak’s inorganic expansion approach. Credit: Rahul Ramachandram/ Shutterstock.com. · Retail Banker International · Rahul Ramachandram/ Shutterstock.com. Vidhya Edwards Munnangi Wed, July 1, 2026 at 6:45 PM GMT+7 2 min read KOTAKBANK.NS DBK.DE Kotak Mahindra Bank has entered an agreement to take over Deutsche Bank's retail banking, affluent private banking and wealth management operations in India.
According to Reuters, the deal is valued at over Rs 2.82bn ($29.79m).
The businesses involved include about €2.7bn in loans, along with €1.5bn in deposits and €1bn of assets under management.
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