German lender Deutsche Bank is reportedly in discussions with several lenders in India to sell its retail and wealth management business.
Kotak Mahindra Bank, Federal Bank, and Emirates NBD India have reviewed the portfolio and are engaged in negotiations, reported Bloomberg.
The German bank’s move comes as it aims to withdraw from India’s consumer banking sector, following a global restructuring strategy, the report said.
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According to the Economic Times (ET) report, the portfolio under consideration includes personal loans and selected mortgages.
ET estimates Deutsche Bank’s wealth management assets in India at approximately Rs250bn ($2.8bn).
The bank reported retail segmental revenue of Rs24.5bn ($276m), a 4% increase from the previous year’s Rs23.6bn ($266m).
Deutsche Bank’s total retail banking assets stood at Rs250.3bn ($2.8bn) as of March 2025, ET said, citing recent disclosures.
ET quoted a person familiar with the negotiations saying: “The negotiations are ongoing, but we need to look at valuations. Both Kotak and Federal Bank are open to expanding their book by buying portfolios, and this is one such opportunity.
“This also gives them a bite of Deutsche Bank’s wealth management, which complements these two banks’ own ambitions in this space and also their retail businesses.”
This is the second time Deutsche Bank has sought to divest its retail and wealth management operations in India in the past eight years.
According to Bloomberg, the banking sector in India has seen a series of significant transactions involving foreign and domestic players.
Last year, Kotak Mahindra Bank acquired Standard Chartered Bank’s personal loan portfolio, and Axis Bank purchased Citigroup’s India consumer business.
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