Deutsche Bank will focus on its core institutional and corporate banking operations post the exit. | Photo Credit: AFP The story so far: Kotak Mahindra Bank on Wednesday (July 1, 2026) agreed to acquire Deutsche Bank’s retail banking, affluent private banking and wealth management business in India for ₹281 crore. The transaction will strengthen Kotak Mahindra Bank’s position in retail and wealth management segments, while allowing Deutsche Bank to focus on its core institutional and corporate banking operations. The acquisition covers Deutsche Bank India’s retail banking, affluent private banking and wealth management businesses. These operations serve around 1,50,000 customers and are supported by a workforce of nearly 1,000 employees. Published - July 02, 2026 10:03 am IST
Why Deutsche Bank is exiting its retail business in India | Explained
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