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Kotak Mahindra Bank signs ₹282 crore deal to acquire Deutsche Bank India retail, wealth biz
Shares of Kotak Mahindra Bank Ltd ended at ₹392.95, down by ₹2.80, or 0.71%, on the BSE.
Kotak Mahindra Bank to acquire Deutsche Bank’s India retail unit - Investing.com India
Kotak Mahindra Bank to acquire Deutsche Bank’s India retail unitInvesting.com India
Kotak Mahindra Bank to acquire Deutsche Bank’s retail banking, private banking and wealth management business in India
Kotak Mahindra Bank is acquiring Deutsche Bank's retail, affluent private banking, and wealth management operations in India. This strategic move, involving approximately Rs 29,000 crore in loans and Rs 16,000 crore in deposits, aims to bolster Kotak's focus on affluent and SME segments. Deutsche Bank is divesting to simplify its business and concentrate on global ultra-high-net-worth clients.
Kotak Mahindra Bank to acquire Deutsche Bank's India retail banking business
Kotak Mahindra Bank has significantly expanded its footprint by acquiring Deutsche Bank's retail, private banking, and wealth management operations in India. This substantial deal, one of the largest in recent years, includes approximately ₹29,000 crore in loans and ₹16,000 crore in deposits. Around 1.5 lakh clients and nearly 1,000 employees will now join Kotak Mahindra Bank, bolstering its presence in the Indian financial landscape.
SBI Securities prefers HDFC Bank, sees long-term upside in metals
Sunny Agarwal, Head Fundamental Research, Retail Desk at SBI Securities, remains positive on private banks, preferring HDFC Bank over Kotak Mahindra Bank after the lender received a clean legal review. He says Persistent Systems' acquisition benefits may take up to eight quarters to materialise, while slower growth remains a near-term concern. Agarwal is also bullish on the metals sector, with Indian Metals & Ferro Alloys as his top pick, and remains positive on Astral over the long term despite near-term challenges.
HDFC Life reports 12 per cent premium growth in FY26, retail protection business rises 43 per cent
HDFC Life Insurance reported a robust 12% year-on-year growth in total premium for FY26, with its retail protection business soaring by 43%. The insurer solidified its position among the top three, achieving a 10.8% new business market share. Profit after tax reached Rs 1,910 crore, and assets under management grew to Rs 3.75 lakh crore.
VinFast India partners Shriram Finance for vehicle finance
VinFast India has joined hands with Shriram Finance Ltd to boost electric vehicle adoption through accessible retail finance. This collaboration offers customers up to 100% on-road funding, competitive interest rates, and flexible repayment plans. Leveraging Shriram Finance's wide network, the partnership aims to simplify EV ownership and accelerate its uptake across India, supporting a greener mobility future.
Assembly Luggage: Redefining Premium Travel, Designed in India
Assembly is redefining premium travel gear by designing in India for practical Indian travel realities. Catering to over 103,000 travellers, their durable, stylish luggage, from trolleys to backpacks, meets strict cabin limits and family travel needs. Achieving accessible pricing by selling direct, Assembly offers world-class, homegrown travel solutions, with plans for further retail expansion.
Five Stocks To Buy: Eternal, Trent, Eicher Motors And More | June 22, 2026
Top picks for Monday, June 22, include food-delivery platform Eternal, retail major Trent, automotive heavyweight Eicher Motors, PSU lender Union Bank of India, and pharmaceutical player Mankind Pharma.
India's passenger vehicle sales expected to grow 4-6% in FY27: Report
Passenger vehicle sales are poised for a 4-6% expansion this fiscal, fueled by strong demand, improved affordability post-GST cuts, and the enduring popularity of utility vehicles. Last fiscal saw robust wholesale and retail growth. While rising fuel costs and monsoon concerns loom, utility vehicles continue to lead, and electric vehicle adoption is also gaining significant traction.
Bosch Home Comfort OFS opens for retail investors today - All you need to know
The promoters of Bosch Home Comfort, together, held 82.22% stake in the company, where Johnson Controls Hitachi AC India Holdco Ltd. held 74.22% stake. Meanwhile, among public shareholders, mutual funds held 0.9%, while FPIs had a 0.67% stake in the company.
Bosch Home Comfort shares surge 4% after OFS opens for non-retail investors today
A minimum of 10% of the shares on offer are reserved for retail investors, classified as those who have an authorized share capital of up to ₹2 lakh. Bosch Home Comfort plans to sell 19.63 lakh shares through this OFS.