Kotak Mahindra Bank has announced its acquisition of Deutsche Bank India's retail banking and wealth management business for Rs 282 crore. The deal involves a customer base of approximately 1.5 lakh and around 1,000 employees who will join Kotak. The acquisition is expected to enhance Kotak's loan and deposit books significantly. The transaction is subject to regulatory approvals and is expected to close by September 2027.
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Kotak Mahindra Bank Ltd
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Kotak Mahindra Bank Ltd. is a leading financial institution providing a wide range of banking products and financial services.
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