Topic
kotak
Banking #deutsche bank#kotak
Deutsche Bank Sells India Retail and Wealth Business to Kotak Mahindra Bank for Rs 282 Crore
Kotak Mahindra Bank acquires Deutsche Bank's India retail, private banking and wealth business for Rs 282 crore in a slump sale. The deal transfers Rs 29,000 crore in loans, Rs 16,000 crore in deposits and Rs 10,500 crore in assets under management, along with 150,000 customers and around 1,000 employees. Deutsche Bank's divestiture aligns with its Global Hausbank strategy to concentrate on corporate and investment banking.
Jul 1, 2026 1 source
Economy #india#investment
Kotak Urges India Inc to Boost Investments Amid AI Lag
Uday Kotak has urged Indian companies to ramp up investments, particularly in AI, to avoid falling behind global competitors. He highlighted Google's $80 billion investment in AI as a benchmark.
Jun 4, 2026 1 source