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Kotak Mahindra Bank to acquire Deutsche Bank’s retail banking, private banking and wealth management business in India
Kotak Mahindra Bank is acquiring Deutsche Bank's retail, affluent private banking, and wealth management operations in India. This strategic move, involving approximately Rs 29,000 crore in loans and Rs 16,000 crore in deposits, aims to bolster Kotak's focus on affluent and SME segments. Deutsche Bank is divesting to simplify its business and concentrate on global ultra-high-net-worth clients.
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economictimes.indiatimes.com
Kotak Mahindra Bank to acquire Deutsche Bank's India retail banking business
Kotak Mahindra Bank has significantly expanded its footprint by acquiring Deutsche Bank's retail, private banking, and wealth management operations in India. This substantial…
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Kotak Mahindra Bank to acquire Deutsche Bank’s retail banking, private banking and wealth management business in India
Kotak Mahindra Bank is acquiring Deutsche Bank's retail, affluent private banking, and wealth management operations in India. This strategic move, involving approximately Rs…
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timesofindia.indiatimes.com
Deutsche Bank offloads India retail to Kotak
MUMBAI: Kotak Mahindra Bank has agreed to acquire Deutsche Bank’s India retail, private banking and wealth business for Rs 282 crore, as a going concern on a slump sale basis .
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Kotak to buy Deutsche's India retail, wealth business
Kotak Mahindra Bank is set to acquire Deutsche Bank's retail, private banking, and wealth management operations in India. This significant deal, involving approximately ₹29,000…
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Kotak Mahindra Bank shares in focus on deal to buy Deutsche Bank’s retail business for Rs 282 crore
Kotak Mahindra Bank will acquire Deutsche Bank India's retail banking, private banking and wealth management business, adding a sizeable loan book, deposits, assets under…
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thehindu.com
Kotak Mahindra Bank to acquire Deutsche Bank's retail, private banking and wealth business in India
Kotak Mahindra Bank will acquire Deutsche Bank's retail and wealth businesses in India, enhancing its affluent banking services.
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thehindubusinessline.com
Kotak Mahindra Bank shares up after Deutsche Bank India retail business acquisition, brokerages positive
Kotak Mahindra Bank shares rise after acquiring Deutsche Bank's retail business, enhancing its affluent and SME banking segments.
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Broker’s Call: Kotak Mahindra Bank (Buy)
Kotak Mahindra Bank's acquisition of Deutsche Bank's retail business boosts growth potential; maintain Buy recommendation with a target of ₹500.
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Why Deutsche Bank exiting India retail business | Explained
Deutsche Bank exits India's retail banking, selling to Kotak Mahindra Bank, strengthening Kotak while streamlining Deutsche's focus on core operations.