Deutsche Bank puts India retail banking business up for sale, sources say
Deutsche Bank has invited bids from other banks for India retail business, sources say
Deutsche Bank puts India retail banking business up for sale, sources say
Deutsche Bank has invited bids from other banks for its India retail banking business, according to sources. The move comes as the global financial institution seeks to streamline its operations and focus on growth opportunities in other regions.
The decision to sell the India retail banking business is part of a broader strategy by Deutsche Bank to reduce its exposure in certain markets and concentrate on its core strengths. The bank has been under pressure to improve its financial performance and reduce costs, and the sale of its India retail banking operations is seen as a step towards achieving these goals.
The sale of the India retail banking business is expected to attract interest from several major banks and financial institutions. Sources indicate that Deutsche Bank is open to various structures for the sale, including outright purchases and strategic partnerships.
The India retail banking market is highly competitive, with several local and international players vying for a share of the market. The sale of Deutsche Bank's India retail banking business could provide an opportunity for these players to expand their footprint and increase their market share.
The sale of the India retail banking business is not the first time Deutsche Bank has divested its retail banking operations. In recent years, the bank has sold its retail banking businesses in several other countries, including the United States and Japan.
The sale of Deutsche Bank's India retail banking business is expected to have a significant impact on the Indian financial services sector. The bank has a strong presence in the country, with a wide network of branches and a significant customer base. The sale of its retail banking operations could lead to job losses and changes in the banking landscape.
The sale of Deutsche Bank's India retail banking business is expected to be completed in the coming months. The bank has not yet disclosed the expected sale price or the terms of the transaction. However, sources indicate that Deutsche Bank is seeking to maximize the value of the business and achieve a clean break from its operations in India.
References:
[1] https://www.assetservicingtimes.com/assetservicesnews/paymentsarticle.php?article_id=17085
[2] https://www.marketbeat.com/instant-alerts/filing-freedom-investment-management-inc-buys-shares-of-25681-deutsche-bank-aktiengesellschaft-db-2025-08-27/
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