Banks / Deutsche Bank India
Banks / Deutsche Bank India
On 30 June 2026, Deutsche Bank signed a definitive agreement for Kotak Mahindra Bank to acquire its India retail banking, affluent private banking and wealth management business — the bank's only retail franchise outside Europe, comprising all 17 branches, roughly ₹29,000 Cr in loans, ₹16,000 Cr in deposits and ₹10,500 Cr of assets under management, serving about 150,000 customers via ~1,000 employees. The deal, valued at around ₹281.7 Cr (~US$30 million), is expected to close by September 2027 subject to regulatory approvals. The move is part of Deutsche Bank's "Global Hausbank" strategy to prioritise capital-efficient, higher-return businesses; once complete, Deutsche Bank's India presence will be almost entirely corporate, institutional, treasury and custody banking, plus its Global Capability Centres. Until closing, existing retail/wealth customers continue to be serviced by Deutsche Bank as usual.
CEO, India and Emerging Asia, Deutsche Bank — in office since May 2019, succeeding Ravneet Gill. Previously Asia-Pacific Head of Corporate Banking Coverage within Institutional & Treasury Coverage and Global Head of Subsidiary Coverage; has spent most of his career at Deutsche Bank across trade finance, cash management and corporate banking. Has overseen the bank's continued pivot toward corporate & institutional banking in India, including the June 2026 agreement to sell the retail, private banking and wealth management business to Kotak Mahindra Bank.
Deutsche Bank's India operations are run as branches of Deutsche Bank AG, incorporated in Germany — not as a separately incorporated Indian banking subsidiary. As a result, the top executive holds the title CEO, India (styled "CEO, India and Emerging Asia" to reflect a broader regional remit) rather than "MD & CEO" or "Chairman," and the bank's India financial statements are filed as "Deutsche Bank AG — India Branches."
| Name | Tenure | Notable Period |
|---|---|---|
| Kaushik Shaparia | May 2019 – present | Steering the "Global Hausbank" strategy in India; agreed the June 2026 sale of the retail, private banking & wealth management business to Kotak Mahindra Bank while deepening the corporate & investment banking franchise |
| Ravneet Gill | 2013 – Jan 2019 | Left Deutsche Bank to become MD & CEO of YES Bank in March 2019, succeeding Rana Kapoor |
| Gunit Chadha | 2003 – 2012 | Built out India's corporate & investment banking franchise over nearly a decade; moved on in 2012 to become co-CEO, Deutsche Bank Asia Pacific, based in Singapore |
Tenure years are based on available public reporting; see the bank's official India history page for further detail.
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Retail/wealth service channels above continue during the Kotak Mahindra Bank transition; they will move to Kotak once the sale completes (expected by Sep 2027)
Deutsche Bank India is primarily a corporate, institutional and wholesale bank — trade finance, treasury, custody and cash management are its core strengths, not mass-market retail. Its limited retail & wealth footprint (17 branches) is itself being sold to Kotak Mahindra Bank (expected to close by September 2027); the products below are grouped to reflect that reality honestly rather than presenting Deutsche Bank as a full-service retail bank.
This entire book (~150,000 customers across 17 branches) is being acquired by Kotak Mahindra Bank under the June 2026 agreement; serviced by Deutsche Bank until the deal closes.
Resident Domestic/NRO Fixed Deposit rates below (for deposits under ₹3 crore) are fetched live from Deutsche Bank India's official rates page where possible. If the live fetch is unavailable, the last published rates are shown instead. Note this deposit book is part of the retail business being transitioned to Kotak Mahindra Bank (see the Overview section above).
| Metric | FY 2024-25 (Mar 2025) | FY 2023-24 (Mar 2024) | FY 2022-23 (Mar 2023) |
|---|---|---|---|
| Profit After Tax (PAT) | Not reliably extracted from the published PDF — see official report linked below | ~₹1,977 Cr | ~₹1,467 Cr |
| Profit Before Tax (PBT) | Not reliably extracted from the published PDF — see official report linked below | ~₹3,652 Cr | ~₹2,768 Cr |
| Total Deposits / Advances / Total Assets / Gross & Net NPA / CRAR | Disclosed in the Bank's own audited annual financial statements and RBI Pillar 3 disclosures for its India branches, but could not be reliably extracted from the published PDFs for reproduction here — see the official links below rather than relying on a re-typed figure. | ||