Kotak Mahindra Bank to buy Deutsche Bank’s India retail, wealth business for Rs 282 crore

The deal covers Rs 29,000 crore in loans, Rs 16,000 crore in deposits, Rs 10,500 crore in AUM, about 1.5 lakh customers and around 1,000 employees.

Kotak Mahindra Bank will acquire Deutsche Bank’s India retail, private banking and wealth business, covering loans of Rs 29,000 crore.

Kotak Mahindra to buy Deutsche Bank’s India retail unit

Deal includes Rs 29,000 crore loans and Rs 16,000 crore deposits

Deal expected to close by September 2027, pending approval

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