Economy · India
Kotak Mahindra Bank Acquires Deutsche Bank's India Retail and Wealth Business
Kotak Mahindra Bank is set to acquire the retail, private banking, and wealth management operations of Deutsche Bank in India. The deal, valued at approximately $30 million or ₹282 crore, involves significant assets including around ₹29,000 crore in loans and ₹16,000 crore in deposits. This acquisition awaits regulatory approval and comes amidst other news concerning Kotak Mahindra Bank, including stock performance and leadership changes.
How outlets across the spectrum covered it
Left 1 · Centre 5 · Right 1 n = 7
- Left (1): The Hindu
- Centre (5): Business Standard, Mint, The Free Press Journal, The Times of India, The Tribune
- Right (1): Republic World
- International (3): Bloomberg, Deutsche Welle, Reuters