Deutsche Bank considers selling Indian retail business

Deutsche Bank considers selling Indian retail business

Deutsche Bank, one of the world's largest financial institutions, is reportedly exploring the sale of its Indian retail banking assets. The German bank has invited bids from both domestic and foreign lenders, according to two sources who spoke to Reuters [1].

The move comes amidst intense competition in the Indian banking space and follows a series of strategic adjustments by the bank. In March, Deutsche Bank's CEO Christian Sewing announced plans to cut the headcount at its retail bank by nearly 2,000 people and reduce the number of branches in 2025 [1].

The sale of the Indian retail banking business, which includes 17 branches, is a significant step for Deutsche Bank as it seeks to enhance the profitability of its retail operations. The bank has set an August 29 deadline for non-binding bids, but the valuation it is seeking for the business remains unclear [1].

A Deutsche Bank spokesperson declined to comment on the rumors or market speculation surrounding the potential sale. The bank's strategy to streamline its retail operations in India reflects a broader trend of foreign banks reassessing their presence in the country's competitive banking landscape.

References:
[1] Reuters. (2025, September 1). Deutsche Bank puts India retail banking business up for sale, sources say. Retrieved from https://www.reuters.com/business/finance/deutsche-bank-puts-india-retail-banking-business-up-sale-sources-say-2025-09-01/