Kotak Mahindra Bank and Federal Bank are reportedly battling to take over Deutsche Bank’s retail and wealth businesses in India, as the German lender pushes to exit the segment in its only non-European market, The Economic Times has reported.

The sale—Deutsche’s second such attempt in eight years—includes personal loans, mortgages, and wealth-management assets under management estimated at ₹25,000 crore. The bank’s Indian retail unit earned ₹2,455 crore in revenue in FY2025, a 4% rise from the previous year. Advertisement

It held ₹25,038 crore in retail assets as of March 2025.

Both banks have reportedly evaluated the portfolio and are now negotiating terms. “The negotiations are ongoing but we need to look at valuations,” the report said, citing a source. “This gives them a bite of D

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