Source: Reuters (via feed)
India’s Kotak Mahindra Bank is set to acquire Deutsche Bank’s India retail business. The deal is estimated to be worth about 45 billion rupees ($480.3 million). This information was reported by the Economic Times, citing multiple people familiar with the matter.
No further details on the transaction were provided in the report.
BizTrendWire Insight:
The deal involves a significant transfer of retail banking assets between two institutions in India.
The deal involves a significant transfer of retail banking assets between two institutions in India.
