From The Hindu
Center-Left Owned by Kasturi & Sons Ltd.Kotak Mahindra Bank gets CCI nod to acquire Deutsche Bank India's retail, private banking businesses
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The transaction will be undertaken as a going concern on a slump sale basis by Kotak Mahindra Bank from the seller, the CCI said
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Kotak Mahindra Bank has received approval for the acquisition of Deutsche Bank's retail and wealth management business. The acquisition will take place on a slump sale basis from Deutsche Bank's branches in India. This business includes services such as deposits, loans, investments, insurance, and…
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The transaction will be undertaken as a going concern on a slump sale basis by Kotak Mahindra Bank from the seller, the CCI said
