Kotak Mahindra Bank to Acquire Deutsche Bank’s India Retail, Private Banking and Wealth Management Business

Kotak Mahindra Bank has entered into a definitive agreement with Deutsche Bank AG to acquire its retail banking, private banking and wealth management business in India through a slump sale. 

The acquisition is expected to strengthen Kotak Mahindra Bank's presence in the affluent banking segment by adding a sizeable customer base, deposits, advances and wealth management assets. The transaction remains subject to regulatory approvals and customary closing conditions.  

Business Portfolio to Be Acquired  

The proposed acquisition includes Deutsche Bank India’s retail banking, private banking and wealth management business.  

As of March 31, 2026, the business had advances of approximately ₹29,000 crore, deposits of around ₹16,000 crore and assets under management (AUM) of nearly ₹10,500 crore. 

Customer Base and Workforce 

The business serves nearly 1.5 lakh customers and is supported by a workforce of about 1,000 employees.  

The acquisition is expected to strengthen Kotak Mahindra Bank’s footprint in the affluent banking segment by expanding its customer reach and asset base. 

Acquisition Value and Deal Structure 

Kotak Mahindra Bank will acquire the business for a cash consideration of approximately ₹281.7 crore, including non-compete consideration, along with the net asset position of the business at closing, subject to contractual adjustments.  

The transaction will be executed through a slump sale and will be completed after receiving the necessary regulatory approvals and fulfilling customary closing conditions. 

Read More: India Cuts Windfall Tax on Diesel, ATF Exports, Raises Petrol Export Duty From Today! 

Kotak Mahindra Bank Share Price Performance 

As of 01 July 2026, at 11:10 AM, Kotak Mahindra Bank share price was trading at ₹395.00 per share, reflecting a surge of 0.70% from the previous trading session. 

Conclusion  

Kotak Mahindra Bank’s acquisition of Deutsche Bank India’s retail banking, private banking and wealth management business marks an expansion of its affluent banking franchise.  

Want to read stock market updates in Hindi? Angel One News gives comprehensive share market news in Hindi. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.