🚀 Business & Startups🇮🇳 India
Kotak Bank Buys Deutsche Bank's India Retail Business for ₹282 Crore
mint - companies·Wednesday, 1 July 2026
Kotak Mahindra Bank has agreed to acquire Deutsche Bank's India retail banking business for ₹282 crore. The deal will add roughly ₹29,000 crore in loans, ₹16,000 crore in deposits, and ₹10,500 crore in assets under management to Kotak's books. This marks a significant exit by Deutsche Bank from Indian retail banking.
Why It Matters
If you bank with Deutsche Bank in India, your account, loans, and savings could soon move to Kotak Mahindra Bank. This deal directly affects those customers.
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