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Deutsche Bank Puts India Retail Banking Biz Up For Sale
Mint Kolkata
|September 02, 2025
India is Deutsche Bank's largest operation outside Germany, employing more than 22,000 staff at the end of 2024
Deutsche Bank is exploring the sale of its Indian retail banking assets and has invited bids from domestic and foreign lenders in the country, two sources told Reuters, making it the latest foreign bank to consider trimming its bets on India.
The Germany-based bank has pledged to make its retail business more profitable. In March, chief executive officer (CEO) Christian Sewing said headcount at its retail bank will be cut by almost 2,000 people in 2025, with a "significant" reduction in branch numbers.
This story is from the September 02, 2025 edition of Mint Kolkata.
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