Kotak Bank to buy Deutsche Bank India retail, wealth business for Rs 281.7 cr

Acquisition announcedStrategic Transactions View source PDF Explain this filing

KOTAKBANK · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

+1.0%Reaction day

₹396.00

prior close

₹397.35

announcement price

After-mkt

timing

Nifty 100market+0.6%+0.4% vs market

Private Sector Bank peers, median of 19sector-0.0%+1.1% vs sector

On the reaction day the stock moved 0.4 pts more than Nifty 100 and 1.1 pts more than its Private Sector Bank peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.3

10m

-0.7

15m

-1.0

30m

-0.8

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+1.0+0.6+0.4-0.0+1.1

Next day

+0.7+1.3-0.6+0.5+0.2

+0.2+1.6-1.4+1.3-1.2

-3.8+2.2-6.0+2.8-6.6

-3.5+2.0-5.5+2.3-5.8

-6.4-0.1-6.3-0.8-5.6

-4.5+1.4-5.8+2.3-6.8

15d

-3.7+0.6-4.3+2.6-6.3

+0.4+3.9-3.5+3.2-2.8

+7.2+1.0+6.3+3.5+3.7

+5.6-5.6+11.3-3.5+9.2

UpDownMarket · Nifty 100Sector · Private Sector Bank peers, median of 19Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Kotak Mahindra Bank will acquire Deutsche Bank AG's retail, private banking and wealth management business in India on a slump sale basis for about Rs 281.7 crore in cash. The acquired business has about Rs 29,000 crore advances, Rs 16,000 crore deposits, Rs 10,500 crore AUM, 16 branches and 150,000 customers. About 1,000 employees will move to Kotak. Expected to close by September 2027 subject to CCI and other regulatory approvals.

Likely market impact

Strengthens Kotak's affluent, private banking and wealth franchise; deal is expected to be ROE accretive. Closes by Sep 2027.