From The Hindu BusinessLine
Center-Right Owned by The Hindu Group (Kasturi & Sons)Kotak Mahindra Bank gets CCI nod to acquire Deutsche Bank India's retail, private banking businesses
What's behind this
Kotak Mahindra Bank has received approval from the Competition Commission of India to acquire Deutsche Bank’s retail banking, private banking and wealth management businesses in India, clearing a key regulatory hurdle. The transaction will be undertaken as a going concern on a slump‑sale basis by Kotak Mahindra Bank Ltd as the acquirer from the seller.
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left · 1 outlet
Why is Deutsche Bank exiting? Why it is important for Kotak? What will happen to Deutsche Bank’s customers? What does this mean for India’s banking sector?
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right · 2 outlets
NEW DELHI: Kotak Mahindra Bank has received approval from the Competition Commission of India (CCI) to acquire Deutsche Bank's retail banking, private banking and wealth management businesses in India, clearing a key regulatory hurdle in the transfer of the German lender's customer-facing operations…
RSS excerpt
The transaction will be undertaken as a going concern on a slump sale basis by Kotak Mahindra Bank Ltd (acquirer) from the seller
