Kotak Mahindra to buy Deutsche's India retail business for ₹4,500 crore: ET

Kotak Mahindra Bank has emerged as the preferred buyer for the Indian retail arm of Germany's Deutsche Bank in a deal worth around ₹4,500 crore, The Economic Times reported. The agreement, which covers a retail portfolio of nearly ₹27,000 crore, could reportedly be announced next week. Kotak Mahindra Bank surpassed Federal Bank in the bidding process.