Kotak Reclaims India ECM Lead With Mega Deals on Horizon
Corroborated by 2 sources from 2 publishers
asiabusiness1d ago
TL;DR
Kotak Reclaims India ECM Lead With Mega Deals on Horizon Kotak Mahindra Bank has entered an agreement to take over Deutsche Bank's retail banking, affluent private banking and wealth management operations in India. According to Reuters, the deal is valued at over Rs 2.82bn ($29.79m). The businesses involved include about €2.7bn in loans, along with €1.5bn in deposits and €1bn of assets under management.