Kotak, Federal Eye Deutsche Bank’s India Retail Unit

21 Nov 2025 CW Team

Kotak Mahindra Bank and Federal Bank are evaluating a potential acquisition of Deutsche Bank’s retail and wealth management operations in India, according to reports. This marks the German bank’s second attempt in eight years to exit the segment in the country.

Both Indian lenders have examined the portfolio and are negotiating valuations. The assets under consideration include personal loans and a portion of mortgage accounts. While the precise mix has not been independently confirmed, Deutsche Bank’s wealth management arm in India is reported to manage assets of around Rs 250 billion. Its retail revenue for FY25 stood at Rs 24.55 billion, up from Rs 23.62 billion in the previous year.

Public disclosures show Deutsche Bank held Rs 250.38 billion in retail banking assets as of March 2025. The planned sale is part of a wider global restructuring by CEO Christian Sewing aimed at strengthening profitability. Individuals familiar with the matter said both Kotak and Federal view the acquisition as an opportunity to expand their loan books and gain access to Deutsche Bank’s wealth clientele.

Spokespersons for Kotak Mahindra Bank and Federal Bank did not respond to queries, while Deutsche Bank also declined to comment.

As noted by The Economic Times, foreign banks in India continue to struggle against larger domestic lenders due to higher operational costs and tighter pricing. A recent example is Citibank’s 2022 sale of its retail and credit card business to Axis Bank in a transaction exceeding USD 1 billion. Earlier this year, Kotak Mahindra Bank acquired a Rs 33.3 billion personal loan portfolio from Standard Chartered. Deutsche Bank had previously sold its credit card business to IndusInd Bank in 2011.

Real Estate

09 Mar 2026

Hindware Introduces Starc Smart Wall Mount Toilet

Hindware has introduced the Starc Smart Wall-Mount Toilet under its Hindware Italian Collection, designed to combine automation, hygiene and contemporary bathroom aesthetics. The model features automatic flushing, sensor-based seat opening and closing, and remote-controlled functions. It also includes an oscillating water spray and warm air dryer for cleaning, along with a self-cleaning nozzle designed to maintain hygiene. Additional features include adjustable heated seating, customisable water temperature and pressure settings, a foot-touch flush system and an LCD control interface. The wa..

Company showcases North America-certified machinery and secures new deals

Zoomlion Heavy Industry Science & Technology Co., recently showcased a wide portfolio of North America-certified and customised construction equipment at CONEXPO-CON/AGG 2026 in Las Vegas. The display included engineering hoisting machinery, concrete equipment, earthmoving machinery, mining equipment and construction hoisting solutions tailored to regional operational requirements.All equipment presented at the exhibition complies with North American certification standards, with several models specifically developed to meet local regulatory requirements and site conditions. One of the hig..

Sinoboom Launches Dual-ETM Smart Technology

Sinoboom recently introduced its Dual-ETM Smart Technology at CONEXPO-CON/AGG 2026, designed to enhance battery endurance and operational efficiency in electric boom lifts.The new technology integrates advanced components that enable real-time optimisation of power usage during equipment operation. By calculating the precise power requirement instantly, the system delivers only the energy needed for each movement, reducing the inefficiencies associated with conventional maximum-demand power systems.The solution incorporates multiple sensors—including pressure, weight, length and level sensor..