Kotak Mahindra Bank to acquire Deutsche Bank’s India retail business

Desi Metros Staff

March 23, 2026 One Min Read

Kotak Mahindra Bank is set to acquire Deutsche Bank’s India retail business in a deal valued at around Rs 45 billion.

The deal covers Deutsche Bank’s retail operations in India, which include a network of 17 branches.

The business reported revenue of $278.3 million in the financial year 2025, reported Reuters.

Kotak Mahindra Bank has emerged as the preferred bidder for the acquisition.

An official announcement on the deal is expected soon.

The acquisition is part of ongoing developments in India’s banking sector.