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Kotak Mahindra Bank to acquire Deutsche's India retail biz

Mar 23, 2026

Acquiring Company

Kotak Mahindra Bank

Acquired Company

Deutsche Bank

MumbaiFrankfurtFinancial ServicesFinanceLendingBankingFinancial ServicesFinanceCryptocurrencyLendingBanking

Description

Kotak Mahindra Bank is poised to acquire Deutsche Bank's India retail business for approximately 45 billion rupees ($480.3 million). The deal marks Kotak as the preferred bidder over Federal Bank, with the possibility of an announcement next week. Deutsche Bank aims to exit its retail operations in India, which include 17 branches.

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Company Information

Company

Kotak Mahindra Bank

Location

Mumbai, Maharashtra, India

About

Kotak Mahindra Group is one of India’s leading financial services conglomerates. In February 2003, Kotak Mahindra Finance Ltd. (KMFL), the Group’s flagship company, received a banking license from the Reserve Bank of India (RBI). With this, KMFL became the first non-banking finance company in India to become a bank – Kotak Mahindra Bank Limited.

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Frequently asked

Who acquired Deutsche Bank?

Deutsche Bank was acquired by Kotak Mahindra Bank, based in Mumbai. The deal was reported on March 23, 2026. Kotak Mahindra Group is one of India’s leading financial services conglomerates. In February 2003, Kotak Mahindra Finance Ltd. Kotak Mahindra Bank is privately held and operates in Financial Services.

When did Kotak Mahindra Bank acquire Deutsche Bank?

Kotak Mahindra Bank's acquisition of Deutsche Bank was reported on March 23, 2026. Kotak Mahindra Bank is poised to acquire Deutsche Bank's India retail business for approximately 45 billion rupees ($480.3 million). The deal marks Kotak as the preferred bidder over Federal Bank, with the possibility of an announcement next week. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Deutsche Bank do?

Sabih Behzad, Deutsche Bank’s Head of Digital Assets & Currencies Transformation, explains how his football team could make money in the metaverse. For Fred Turner from Stanford University, "the metaverse" is the invention of a marketing department. It is privately held, operating in Financial Services, and is based in Frankfurt.

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