Kotak Mahindra Bank is poised to take a major leap by acquiring Deutsche Bank’s retail operations in India for around Rs 4,500 crore. This deal promises to strengthen Kotak’s retail lending capabilities and broaden its base of deposits. Meanwhile, Deutsche Bank’s exit reflects a larger strategy to streamline its operations worldwide.
​Kotak Mahindra Bank is poised to take a major leap by acquiring Deutsche Bank’s retail operations in India for around Rs 4,500 crore. This deal promises to strengthen Kotak’s retail lending capabilities and broaden its base of deposits. Meanwhile, Deutsche Bank’s exit reflects a larger strategy to streamline its operations worldwide. by Soban News (international And National News)
