Kotak Mahindra Investments Ltd’s board has resolved that the subsidiary will not sanction any new loans from April 1, 2026, but will continue servicing its existing facilities, including honouring obligations under agreements executed before March 31, 2026.
Also Read: Kotak Mahindra Bank emerges frontrunner to acquire Deutsche Bank’s India retail business, sources say
Kotak Mahindra Bank stated that these measures are in compliance with the Reserve Bank of India’s (RBI) Directions on financial services undertakings by commercial banks.For FY 2024-25, Kotak Mahindra Investments Ltd reported a net total income of ₹795 crore and a profit after tax of ₹501 crore, contributing around 1% of the bank’s consolidated income and 2.3% of consolidated profit.
Its net worth stood at ₹3,842 crore, approximately 2.4% of the bank’s consolidated net worth. The bank said the integration will not have a material impact on its overall turnover, profit, or net worth.
Yesterday, Kotak Mahindra Bank Ltd had emerged as the frontrunner to acquire Deutsche Bank’s India retail business, sources with knowledge of the matter told CNBC-TV18. Kotak Mahindra Bank’s ₹4,500 crore offer to acquire the retail business is higher than Federal Bank’s offer, sources said.
Also Read: Kotak Mahindra Bank shares gain after Nomura upgrades, sees 25% upside — Check its top bets
The lender is looking to acquire Deutsche Bank’s portfolio of ₹27,000 crore, which includes personal, home and MSME loans, retail deposits and wealth management business, according to the sources. Deutsche Bank had previously held talks with IndusInd Bank to sell its India retail book in 2018, but the deal did not fructify. The lender’s India retail book sale is in-line with its global restructuring strategy to focus on profitable corporate and investment banking.
Shares of Kotak Mahindra Bank Ltd ended at ₹367.35, up by ₹11.00, or 3.09%, on the BSE.
First Published: Mar 24, 2026 10:20 PM IS
