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CA Barkha Kamra

30th Jun · SEBI-Registered Analyst

* $KOTAKBANK will acquire Deutsche Bank India’s retail banking, affluent private banking and wealth management business on a slump sale basis for ₹282 crore, strengthening its presence in the premium retail and wealth management segments. * The acquisition adds a high-quality customer franchise with around ₹29,000 crore loan book, ₹16,000 crore deposits and ₹10,500 crore AUM, supporting Kotak’s retail growth strategy and is expected to be earnings (ROE) accretive after completion, subject to regulatory approvals.

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