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Kotak Mahindra Bank to buy Deutsche Bank retail, private banking and wealth units in India

PUBT·06/30/2026 11:55:26
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Kotak Mahindra Bank to buy Deutsche Bank retail, private banking and wealth units in India
  • Kotak Mahindra Bank agreed to buy Deutsche Bank’s retail banking, affluent private banking, and wealth management business in India.
  • Portfolio includes about INR 29,000 crore of loans, INR 16,000 crore of deposits, and INR 10,500 crore of assets under management.
  • Business serves roughly 150,000 customers; about 1,000 employees are expected to move to Kotak.
  • Closing is targeted by September 2027, subject to customary closing conditions.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Deutsche Bank AG published the original content used to generate this news brief on June 30, 2026, and is solely responsible for the information contained therein.