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Kotak Mahindra Bank to acquire Deutsche Bank’s retail banking, private banking and wealth management business in India
AI Summary
- ·Kotak Mahindra Bank is acquiring Deutsche Bank's retail, private banking, and wealth management business in India.
- ·The deal involves approximately Rs 29,000 crore in loans and Rs 16,000 crore in deposits.
- ·This acquisition aims to strengthen Kotak's focus on affluent and SME segments.