Indian credit companies Kotak Mahindra Bank Ltd. and Federal Bank Ltd. have submitted official applications for the acquisition of Deutsche Bank AG's retail and asset management business in India. This is reported by foreign media.
The parties to the proposed deal are negotiating with Deutsche Bank regarding the sale of assets worth at least $2.5 billion.
Deutsche Bank has decided to sell its Indian assets, including mortgages, small business loans and asset management services, in order to exit the oversaturated consumer market. Deutsche Bank has branches in 16 cities in India and has been narrowing its operations in recent years, focusing on corporate banking and investment services for multinational companies and large domestic clients.
As part of the deal, Kotak aims to become one of India's leading retail banks amid industry consolidation. In 2024, Kotak acquired Standard Chartered Bank's portfolio of private loans in India.
Federal Bank, controlled by the American investment company Blackstone Inc, intends to strengthen its position as a national provider of financial services.
The surge in billions of dollars worth of transactions in the Indian banking sector is attributed to foreign investments in insurance and fintech companies. Financial companies are striving to capture leading positions in the Indian market amid rapid economic growth and increased deposits.
In 2025, the total number of transactions in the financial sector in India increased to $15 billion. In October, Emirates NBD Bank PJSC announced plans to invest $3 billion in RBL Bank Ltd., Abu Dhabi's International Holding Co. signed an agreement to purchase Sammaan Capital Ltd. for $1 billion, and the banking division of Sumitomo Mitsui Financial Group Inc. bought 20% in Yes Bank Ltd. for $1.6 billion. billion
Deutsche Bank AG is a multinational financial corporation and the largest bank in Germany. The headquarters is located in Frankfurt am Main. Deutsche Bank manages assets worth 1.391 trillion euros.
Federal Bank Ltd. is an Indian private bank with headquarters in Aluva, India. The company provides banking and financial services in several segments: treasury, corporate or wholesale banking, retail banking, etc.
Kotak Mahindra Bank Ltd. is an Indian company in the field of banking and financial services for corporate and private clients. The headquarters is located in Mumbai (India).
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