Kotak Mahindra Bank to enhance wealth franchise with Deutsche Bank acquisition
after close1 source ↓written by the desknot a recommendation
- management business
- ₹2.8 billion
- This deal adds
- 150,000 affluent customers
- in investment AUM
- ₹105 billion
Kotak Mahindra Bank plans to acquire Deutsche Bank's retail and wealth management business for ₹2.8 billion. This deal adds 150,000 affluent customers and ₹105 billion in investment AUM, creating significant cross-selling opportunities. With over 90% of the loan book secured, the acquisition poses limited credit risk, focusing on revenue synergies and fee income growth.
Not investment advice. For informational purposes only.