Date: November 3, 2026
M&A / Strategic Actions
Kotak Mahindra Bank Limited has received approval from the Competition Commission of India (CCI) for its acquisition of Deutsche Bank Aktiengesellschaft's (acting through its branch in India) retail banking, private banking and wealth management business in India.
- The CCI conveyed its approval via letter dated November 3, 2026, received by the Bank on November 3, 2026 at 5:49 p.m. (IST)
- The acquisition refers to the business transfer agreement executed on June 30, 2026
- The transaction involves acquisition of DBAG's business undertaking as a going concern on a slump sale basis
- Completion remains subject to fulfilment of conditions specified in the business transfer agreement and receipt of any remaining approvals from statutory/regulatory authorities