Reuters

Kotak Mahindra Bank to buy Deutsche Bank's India retail, wealth business for about $30 million

6/30/2026, 07:56 PM GMT+8 Reuters

Sources: Reuters
Markets: Stocks
Active symbols: NSE:KOTAKBANK, XETR:DBK
Language: English

India's Kotak Mahindra Bank said on Tuesday it would buy Deutsche Bank's XETR:DBK retail banking, private banking and wealth management business in India for about 2.82 billion rupees ($29.79 million), as the German lender exits retail banking in the country.

($1 = 94.6600 Indian rupees)