Branch² Intelligence
Kotak to buy Deutsche's India retail, wealth business
Key takeaway
Kotak Mahindra Bank acquires Deutsche Bank's India retail wealth business for ~₹29,000 crore in loans and ~₹16,000 crore in deposits.
- Step 1Kotak acquires Deutsche Bank's India retail wealth business, gaining ₹29,000 crore in loans and ₹16,000 crore in deposits.
- Step 2Kotak's enhanced scale in wealth management and SME lending intensifies competition, pressuring HDFC Bank and other peers to respond.
- Step 3UK SMEs with Indian subsidiaries face a more concentrated banking market, potentially affecting loan pricing and service quality.
- Step 4Deutsche Bank's exit from Indian retail frees capital for its global operations, potentially impacting its UK corporate lending capacity.
Source: IN:Economic Times
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