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Kotak Mahindra Bank shares in focus on deal to buy Deutsche Bank’s retail business for Rs 282 crore
Kotak Mahindra Bank will acquire Deutsche Bank India's retail banking, private banking and wealth management business, adding a sizeable loan book, deposits, assets under management and customers. The deal is expected to strengthen Kotak's affluent banking franchise while supporting Deutsche Bank's strategy to focus on its core businesses.
India Inc eyes more dollar debt as RBI policy support kicks in
Driven by central bank moves in February and June to lower hedging costs and ease rules, local firms are aggressively swapping out rupee loans for offshore funds.
Kotak to buy Deutsche's India retail, wealth business
Kotak Mahindra Bank is set to acquire Deutsche Bank's retail, private banking, and wealth management operations in India. This significant deal, involving approximately ₹29,000 crore in loans and ₹16,000 crore in deposits, will bring around 150,000 new customers and 1,000 employees to Kotak. The acquisition aims to bolster Kotak's focus on affluent and SME clients, while Deutsche Bank streamlines its global portfolio.
Kotak Bank to buy Deutsche Bank’s India retail business for ₹282 crore
Kotak Bank's acquisition of Deutsche Bank’s retail banking will add about ₹29,000 crore in loans, ₹16,000 crore in deposits, and ₹10,500 crore in assets under management to the private lender’s balance sheet.
Stocks to Watch for July 1: Auto stocks, Kotak Mahindra Bank, Prestige Estates, KPIT Tech and more
From KPIT Tech expecting its financial performance for the June quarter (Q1FY27) to fall short of earlier expectations to Kotak Mahindra Bank Ltd signing a business transfer agreement worth about ₹281.7 crore in cash to acquire Deutsche Bank AG’s retail banking, here are stocks to track ahead of Wednesday trading session.
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.
INR settles lower amid risk-averse investor sentiment
The Indian rupee depreciated by 14 paise to close at 94.65 (provisional) against the US dollar on Tuesday, as a strengthening greenback overseas and risk-averse investor sentiment weighed on the local unit. The dollar index shifted back above 101 mark on Tuesday after a slight pull back below the levels in the previous session. Elevated expectation for a Federal interest rate hike is seen lending consistent support to the greenback. Markets are staying cautious around 101 mark surrounding the United States (US) Nonfarm Payrolls (NFP) data for June, which will be released on Thursday. Markets will also look forward to resumption of US-Iran peace talks in Doha that could help ease inflation concerns. The rupee briefly slipped to 95.55 against the US dollar as per CCIL data, driven by month-end corporate import demand and lingering risk-off sentiment. However, relatively stable global crude prices and anticipated central bank interventions supported the currency and restricted the ...
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.
Axis Bank, ICICI Bank, SBI, Federal Bank Among Anand Rathi's Top BFSI Bets — Check List
The PSBs continued to gain market share in retail segment outgrowing ICICI Bank, HDFC Bank and Axis Bank for the seventh consecutive quarter.
AI-led productivity will keep US dollar strong; Fed likely on hold through 2026: Standard Chartered
Steven Englander, Managing Director - Global Head of G10 FX Research, and North American Macro Strategy at Standard Chartered Bank explains why structural factors, not the economic cycle, are driving the US dollar. He discusses the Fed's rate outlook, long-term interest rates, capital flows, emerging markets, India's rupee and what could trigger a sustained decline in the dollar.