Deutsche Bank Discusses Sale of Retail and Wealth Management Business in India
Deutsche Bank, a leading German financial institution, is reportedly in talks with several Indian lenders about selling its retail and wealth management business. This move forms part of Deutsche Bank’s global restructuring strategy, which involves withdrawing from the consumer banking sector in India, as reported by Bloomberg.
Potential Buyers for Deutsche Bank’s Indian Business
Among the potential buyers for Deutsche Bank’s retail and wealth management portfolios are Kotak Mahindra Bank, Federal Bank, and Emirates NBD India. These lenders have expressed interest in the portfolios, which include personal loans and selected mortgages, and are actively engaged in negotiations.
Deutsche Bank’s Assets in India
According to the Economic Times, Deutsche Bank’s wealth management assets in India are estimated to be worth approximately Rs250bn ($2.8bn). In the last fiscal year, the bank reported a retail segment revenue of Rs24.5bn ($276m), an increase of 4% from the previous year’s Rs23.6bn ($266m). As of March 2025, Deutsche Bank’s total retail banking assets in India stood at Rs250.3bn ($2.8bn).
Valuation and Expansion Plans
A source familiar with the ongoing negotiations commented, “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.”
Previous Attempts to Divest
Interestingly, this is not the first time Deutsche Bank has tried to divest its retail and wealth management operations in India. There was a similar attempt approximately eight years ago. However, this current move can be seen as part of the bank’s broader global restructuring strategy.
Banking Sector Transactions in India
The banking sector in India has witnessed several significant transactions involving both foreign and domestic players. Last year, for instance, Kotak Mahindra Bank acquired Standard Chartered Bank’s personal loan portfolio, while Axis Bank purchased Citigroup’s India consumer business.
The ongoing talks between Deutsche Bank and potential Indian lenders could lead to another major transaction in the Indian banking sector, further reshaping the industry landscape.
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