CCI Clears Kotak Mahindra Bank’s Purchase of Deutsche Bank India Retail Business
The Competition Commission of India has approved Kotak Mahindra Bank’s acquisition of Deutsche Bank AG’s retail, private banking and wealth management businesses in India, removing a key regulatory hurdle for the transaction. The deal covers loans, deposits and other customer assets linked to roughly 150,000 clients, while also creating a referral arrangement between the two banks through their affiliates.
