Deutsche Bank A.G., India Branches in connection with the ongoing sale of its private bank and wealth management business in India to Kotak Mahindra Bank Limited.

Our undertakings for long-term impact are an organic extension of our purpose.

They are to employ our deep knowledge of the law beyond the business, the transaction, the deal. To use the opportunities and skills we possess, to reflect on the culture we’re creating. Individually and collectively, these are our efforts to help shape the thinking of our future generations, and arm them with strategies for true, sustainable growth.

Jul 02, 2026

Deutsche Bank A.G., India Branches in connection with the ongoing sale of its private bank and wealth management business in India to Kotak Mahindra Bank Limited.

AZB & Partners represented Deutsche Bank A.G., India Branches in connection with the ongoing sale of its private bank and wealth management business in India to Kotak Mahindra Bank Limited. The transferring business comprises of approximately INR 29,000 crore (Euro ~2.7 billion) in loans, INR 16,000 crore (Euro ~1.5 billion) in deposits and INR 10,500 crore (Euro ~1.0 billion) of assets under management and serves around 150,000 customers through a team of about 1,000 employees.

Our deal team is being led by Senior Partners, Gautam Ganjawala and Roxanne Anderson and comprises of Partner, Karthik Mudaliar, Senior Associates, Lokesh Deshwal and Sanghamitra Sengupta, and Associates, Prithviraj Khanna and Malvika Kedia.

Congratulations to the team involved in this transaction.

AUTHORS & CONTRIBUTORS

Partner:

Gautam Ganjawala

Roxanne Anderson

Karthik Mudaliar
Associates:

Lokesh Deshwal

Sanghamitra Sengupta

Prithviraj Khanna

Malvika Kedia

DISCLAIMER

These are the views and opinions of the author(s) and do not necessarily reflect the views of the Firm. This article is intended for general information only and does not constitute legal or other advice and you acknowledge that there is no relationship (implied, legal or fiduciary) between you and the author/AZB. AZB does not claim that the article's content or information is accurate, correct or complete, and disclaims all liability for any loss or damage caused through error or omission.