Kotak to fold Deutsche Bank’s Indian wealth arm, boosting loans and deposits by billions
Kotak Mahindra Bank will acquire Deutsche Bank's Indian retail, private banking and wealth management unit for about ₹282 crore. The deal adds roughly ₹29 trn in loans, ₹16 trn in deposits and ₹10.5 trn in AUM, expanding Kotak’s high‑net‑worth and SME franchise. Integration will bring 1,000 Deutsche Bank staff and 150,000 customers into Kotak’s ecosystem.