Kotak Mahindra Bank To Acquire Deutsche Bank's India Retail, Wealth Management Business
Last Updated:July 01, 2026, 08:32 ISTKotak Mahindra Bank to acquire Deutsche Bank retail, affluent private banking and wealth management business in India, with 1000 staff and 150000 customers shifting by. . .
Last Updated:July 01, 2026, 08:32 ISTKotak Mahindra Bank to acquire Deutsche Bank retail, affluent private banking and wealth management business in India, with 1000 staff and 150000 customers shifting by 2027Kotak Mahindra Bank Strikes Deal to Acquire Deutsche Bank's India Retail BusinessKotak Mahindra Bank will acquire Deutsche Bank’s retail banking, affluent private banking, and wealth management businesses in India, paving the way for the German multinational investment firm to exit for the retail banking in the country. According the press release, Kotak Mahindra Bank Ltd and Deutsche Bank AG have entered into a definitive agreement for Kotak to acquire Deutsche Bank’s retail banking, affluent private banking and wealth management business in India. Recommended StoriesNayara Energy Cuts Petrol Price By Rs 5/Litre, Diesel By Rs 3 Amid Easing Global Oil PricesVB-G RAM G Act Comes Into Force Today: Centre Raises Rural Wages, Extends Job Guarantee To 125 DaysEx-Sunrisers Hyderabad Allrounder Commits To Birth Country Portugal For T20 World Cup PushRam Mandir Donation Case: More Arrests Likely As Probe Widens, Varanasi Security Firm In SpotlightThe Deutsche Bank’s business in India comprises approximately Rs 29,000 crore (Euro ~2. 7 billion) in loans, Rs 16,000 crore (Euro ~1. 5 billion) in deposits and Rs 10,500 crore (Euro ~1. 0 billion) of assets under management and serves around 150,000 customers through a team of about 1,000 employees. Approximately 1,000 Deutsche Bank employees in India are expected to join Kotak as part of this transaction. “The acquisition reflects Kotak’s inorganic growth strategy of pursuing targeted opportunities that strengthen its core franchise. Kotak’s established presence in these segments, alongside a relationship-led approach and its broader suite of banking and investment solutions position it well to provide Deutsche Bank’s customers with a seamless and integrated experience post transition. For Deutsche Bank, this step aligns with the group’s Global Hausbank strategy of simplifying the business and focusing on competitive strengths, including Private Bank’s continued focus on global ultra-high net worth clients (including non-resident Indians) outside of India," according to the press release. The complete transition, including onboarding of customer relationships, employees and associated products, is expected to complete by September 2027. News18 NewsletterHandpicked stories, in your inboxA newsletter with the best of our journalismAbout the AuthorVarun YadavVarun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the I. . . Read MoreLocation :First Published:July 01, 2026, 08:32 ISTNewsbusinesseconomyKotak Mahindra Bank To Acquire Deutsche Bank's India Retail, Wealth Management BusinessDisclaimer: Comments reflect users’ views, not News18’s. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to ourTerms of UseandPrivacy Policy. Loading comments. . . Read More