Kotak Mahindra Bank Gets CCI Approval for Deutsche Bank India Businesses
India’s competition watchdog approved Kotak Mahindra Bank’s proposed acquisition of Deutsche Bank’s retail banking, private banking and wealth management businesses in the country.
Kotak Mahindra Bank has secured competition watchdog CCI's approval to take over Deutsche Bank's retail banking, private banking and wealth management business in the country, marking a proposed transfer of the German lender's customer-facing businesses to the domestic bank.The Competition Commissi…