Kotak Mahindra Bank Set to Acquire Deutsche Bank’s India Retail Business for Rs 4,500 Crore

March 23, 2026

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Kotak Mahindra Bank Set to Acquire Deutsche Bank’s India Retail Business for Rs 4,500 Crore: Report
Kotak Mahindra Bank is one step closer to acquiring the India retail business of Deutsche Bank for an estimated Rs 4,500 crore, after emerging as the preferred bidder for the transaction. The deal is expected to be formally signed and announced in the coming days, subject to final agreements and customary closing adjustments, according to an Economic Times report by Shilpy Sinha dated March 23, 2026, at 6:00 am, citing multiple people familiar with the development.

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