VERIFIEDET Stocks·1 Jul 2026neutral

Kotak to buy Deutsche's India retail, wealth business

AI Summary

·Kotak Mahindra Bank will acquire Deutsche Bank's retail, private banking, and wealth management businesses in India.
·The deal includes approximately ₹29,000 crore in loans and ₹16,000 crore in deposits.
·The acquisition will add around 150,000 customers and 1,000 employees to Kotak Mahindra Bank.