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

CJPN24 AI Desk•••2 min read
Kotak Mahindra Bank to buy Deutsche Bank’s India retail, wealth business for Rs 282 crore
Kotak Mahindra Bank to buy Deutsche Bank’s India retail, wealth business for Rs 282 crore
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Key Points

  • 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, co...

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, co...

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Source: Moneycontrol.com

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