Kotak Mahindra Bank shares in focus on deal to buy Deutsche Bank’s retail business for Rs 282 crore

Kotak Mahindra Bank will acquire Deutsche Bank's retail business in India for Rs 282 crore, gaining access to nearly Rs 29,000 crore in loans, Rs 16,000 crore in deposits, and Rs 10,500 crore in assets under management. The deal adds about 1.5 lakh customers and nearly 1,000 employees across 17 branches, and is expected to be ROE accretive for Kotak Mahindra Bank. Completion is targeted by September 2027, subject to regulatory approvals including from the Competition Commission of India.