KOTAK MAHINDRA BANK : ACQUIRES DEUTSCHE BANK INDIA'S RETAIL BANKING BUSINESS

• Kotak Mahindra Bank to acquire Deutsche Bank AG's retail banking, private banking and wealth management business in India for ~₹281.7 Cr on a slump sale basis • The acquisition includes approximately ₹29,000 Cr in loans and ₹16,000 Cr in deposits • Transaction expected to be ROE accretive and CET-1 accretive for Deutsche Bank • Closing expected by September 2027, subject to regulatory approvals • Approximately 1,000 Deutsche Bank employees in India expected to join Kotak

Kotak Mahindra Bank Limited

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