Deutsche Bank said on Tuesday that Kotak Mahindra Bank would acquire its Indian retail banking and wealth management business in India.The business with around 1,000 employees comprises around 2.7 billion euros ($3.08 billion) in loans and serves 150,000 customers, Deutsche Bank said.Reuters report…
Kotak Mahindra Bank Ltd NSE:KOTAKBANK:
Private lender Kotak Mahindra Bank Ltd on Tuesday (June 30) said it has signed a business transfer agreement worth about ₹281.7 crore in cash to acquire Deutsche Bank AG’s retail banking, private banking and wealth management business in India on a slump sale basis.CNBC-TV18 had first reported that…
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)
By Bharath RajeswaranIndian shares slipped on Monday, pausing after their longest weekly winning streak of 2026, as concerns over a weak monsoon blunted relief from easing Middle East tensions and lower crude prices.The retreat also reflected fatigue after a three-week rally, with analysts saying s…
Shriram Subramanian, Founder and Managing Director of InGovern, said the market has largely moved on from governance concerns at HDFC Bank that emerged after allegations made by the bank's former chairman.He said an independent legal review commissioned by the bank found no evidence that the former…
By Bharath RajeswaranIndian shares were steady on Monday after posting their longest weekly winning streak of 2026 in the last session, as the U.S. and Iran agreed to halt recent hostilities, tempering concerns of an escalation in the ongoing conflict.The benchmark Nifty 50 NSE:NIFTY rose 0.24% to…
Shares of Kotak Mahindra Bank Ltd fell more than 2 percent in early trade on June 29 after the lender announced that Managing Director and Chief Executive Officer Ashok Vaswani will not seek reappointment when his current term ends on December 31, 2026, triggering investor concerns over the bank's…
Indian shares are set for a muted open on Monday after posting their longest weekly winning streak of 2026, as investors weigh support from renewed U.S.-Iran diplomacy against lingering geopolitical risks.GIFT Nifty futures (GIFc1) were at 24,093, as of 8:07 a.m. IST, indicating the Nifty 50 NSE:NI…
Shares of Mumbai-based private sector lender Kotak Mahindra Bank Ltd. will be in focus on Monday, June 29, after its MD & CEO Ashok Vaswani said that he will not be seeking reappointment once his tenure ends on December 31, 2026.Kotak Mahindra Bank's board has also initiated the process for the app…
By Gopika Gopakumar and Rishika SadamKotak Mahindra Bank NSE:KOTAKBANK said on Saturday its CEO and managing director, Ashok Vaswani, will not seek reappointment after his term ends on December 31, 2026 for personal reasons, prompting India's fourth-largest private lender to begin a search for a su…
India's fourth largest private lender Kotak Mahindra Bank NSE:KOTAKBANK said on Saturday its CEO and managing director, Ashok Vaswani, will not seek reappointment after the end of his term on December 31, 2026 for personal reasons.The board has started the process of appointing a new CEO, the bank…
Kotak Mahindra Bank Ltd. is set to begin a leadership transition after Managing Director and Chief Executive Officer Ashok Vaswani informed the board that he does not wish to seek reappointment when his current term ends on December 31, 2026.In an exchange filing on Saturday, June 27, the lender sa…
