Kotak, Federal Bank lead bids for Deutsche Bank’s India retail portfolio – report
The assets on offer are understood to have a book size of at least $2.5bn. Sources indicated that the negotiations are ongoing and that there is no guarantee a deal will be finalised. The portfolio includes mortgage lending, small business loans, and wealth management services. Last month, the news agency reported about the German lender being in talks to sell its retail and wealth management business. At the time, Emirates NBD was also said to be interested in Deutsche Bank’s Indian assets. However, ...