This bank, which is preparing to cover its business in India, is your account too?

Deutsche Bank: One of the largest banks in Germany, Deutsche Bank is considering selling its retail business in India. According to a report by news agency Reuters, Deutash Bank has invited domestic and foreign banks to bid to sell its retail banking assets. The report said that Deutch Bank has fixed the deadline for bidding from banks on 29 August. Till now, which banks have been bid have not been disclosed.

Earlier there was an attempt to sell retail business

Dutash Bank is currently exploring the possibilities of fully covering its retail business in India. It currently has 17 branches in the country. Earlier this year, the bank also made plans to make its retail business more profitable. In March, the bank’s CEO Christian Civing stated that the bank would cut around 2,000 jobs to reduce the cost in its branches.

Earlier, in the year 2017, Dutash Bank tried to sell its retail and wealth management business in India, but this plan was later postponed. Deutush Bank has not given any information about the valuation of its retail business in India. In the business year 2025, the bank’s revenue from retail business stood at $ 278.3 million.

Many other foreign banks also reduced investment

India is one of the fast growing economies of the world, the number of rich people is also increasing continuously, but despite this, due to strict competition and regulatory limitations from local banks, foreign banks are having difficulty in increasing revenue in the country.

Prior to Dutash Bank, Citib Bank also decided to reduce its investment in India in the year 2022. During that time, the bank thought of selling its credit card and retail business. Last year, Standard Chartered also sold its $ 48.8 million personal loan book to Kotak Mahindra Bank.

Impact on customers

If a new bank purchases the retail business of Deutch Bank, then it will obviously affect the bank’s service policy and network. In such a situation, the interest rate, processing fees and other charges can also be changed on the loan. If someone has taken a personal or home loan from Duthe Bank, then it can also be transferred to the new bank. However, every information related to this will be given to the customers in advance. There may be different transaction experiences with the new bank. Their mobile banking, net banking pattern should be somewhat different.

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