Kotak Mahindra Bank To Acquire Deutsche Bank's Retail Banking, Private Banking And Wealth Management Business In India

DEUTSCHE BANK AG XETR:DBK:

• KOTAK MAHINDRA BANK TO ACQUIRE DEUTSCHE BANK'S RETAIL BANKING, PRIVATE BANKING AND WEALTH MANAGEMENT BUSINESS IN INDIA

• CLOSING, INCLUDING ONBOARDING OF CUSTOMER RELATIONSHIPS, EMPLOYEES AND ASSOCIATED PRODUCTS, IS EXPECTED BY SEPTEMBER 2027

• AT CLOSING, TRANSACTION IS EXPECTED TO BE ROE ACCRETIVE FOR KOTAK BANK AND CET1 ACCRETIVE FOR DEUTSCHE BANK