CCI approves acquisition of certain business of Deutsche Bank Aktiengesellschaft by Kotak Mahindra Bank, and other related transactions

The Competition Commission of India (CCI) approved Kotak Mahindra Bank's acquisition of Deutsche Bank's retail and wealth management business in India, along with related referral arrangements.

• The acquisition of the Target Business is on a slump sale basis as a going concern.
• The referral arrangements will cover customers of Deutsche Investments India Private Limited.
• The Acquirer is a scheduled commercial bank licensed by the Reserve Bank of India.
• The Target Business includes deposits, lending, investments, insurance, and foreign exchange services.