www.bloomberg.com
Deutsche Bank’s India retail assets and wealth management units have attracted binding bids from Kotak Mahindra Bank and Federal Bank. The move comes as foreign players exit India’s competitive banking market, creating opportunities for local lenders to expand. Bloomberg reported that interest extends to Deutsche’s retail loan portfolio, including mortgages and unsecured credit, potentially valued at over $400 million. Other banks like IndusInd may also bid. The sale represents a strategic shift for Deutsche, which will continue focusing on corporate and investment banking in India, while helping local lenders grow their assets and wealth management offerings.
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