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VERIFIEDET Finance·neutral
Kotak Mahindra Bank to acquire Deutsche Bank's India retail banking business
AI Summary
- ·Kotak Mahindra Bank is acquiring Deutsche Bank's retail, private banking, and wealth management operations in India.
- ·The deal includes approximately ₹29,000 crore in loans and ₹16,000 crore in deposits.
- ·Around 1.5 lakh clients and nearly 1,000 employees will transfer to Kotak Mahindra Bank.