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Vidhya Edwards Munnangi
Mon, May 4, 2026 astatine 7:47 AM CDT 1 min read
Kotak Mahindra Bank is assessing Deutsche Bank’s retail concern successful India, portion confirming it is nary longer pursuing IDBI Bank, citing valuation concerns and the size of the deal.
Speaking astatine an net property conference, Kotak Mahindra Bank MD & CEO Ashok Vaswani said the slope would see acquisitions lone if they satisfied 3 conditions: strategical fit, fiscal viability and execution that would not overstretch absorption capacity.
He said the aforesaid model would beryllium utilized for immoderate transaction nether review.
Referring to IDBI Bank, Vaswani said Kotak had examined the accidental from each valuation angles.
“Obviously it was precise highly valued. Of course, it has immoderate benignant of standard but it wasn’t truly a indispensable for america to do. Obviously, it would person been a hard happening to swallow,” helium said.
The authorities is considering however to restart the process to merchantability its holding successful IDBI Bank, on with LIC’s stake.
That divestment workout was abandoned successful March 2026 aft the bids received did not conscionable the government’s reserve price.
Fairfax Financial and Emirates NBD were seen arsenic the starring contenders for a controlling involvement successful the lender.
Earlier reports had said Kotak Mahindra Bank was the preferred bidder for Deutsche Bank’s retail operations successful India.
Economic Times reported successful March that the transaction, valued astatine astir Rs 45bn ($480m), according to sources.
Kotak is understood to person offered much than Federal Bank for the assets. Bloomberg had reported successful January that Kotak Mahindra Bank and Federal Bank had submitted binding bids for the portfolio.
"Kotak Mahindra Bank weighs Deutsche Bank retail portion " was primitively created and published by Retail Banker International, a GlobalData owned brand.
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