Deutsche Bank Sells India Units to Kotak for $30 Million
Deutsche Bank AG agreed to sell its Indian consumer banking and wealth businesses to Kotak Mahindra Bank for around 2.82 billion rupees ($30 million), joining a slew of US and...
By Siddhi Nayak, Arno Schuetze · Bloomberg
Deutsche Bank AG agreed to sell its Indian consumer banking and wealth businesses to Kotak Mahindra Bank for around 2.82 billion rupees ($30 million), joining a slew of US and European lenders exiting the crowded segment as local players step up.