Kotak buys Deutsche Bank India's retail, wealth biz for ₹282 crore

Kotak buys Deutsche Bank India's retail, wealth biz for ₹282 crore — Kotak Mahindra Bank has acquired Deutsche Bank’s retail and wealth management business in India for ₹282 crore. The move expands Kotak’s high-net-worth customer base and assets under management. The acquisition includes ₹3,000 crore in client assets, strengthening Kotak’s private banking footprint.

📊 STOCKS: KOTAKBANK | 🏢 SECTOR: Banking | #HIGHIMPACT #Acquisition