Go Unlimited with Magzter GOLD
Get unlimited access to 10,000+ magazines, newspapers and Premium stories for just
Try GOLD - Free
Deutsche Bank May Put India Retail Banking Biz Up For Sale
Business Standard
|September 02, 2025
Invites bids from domestic and foreign lenders in the country
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, 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 Business Standard.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Business Standard
Business Standard
RBI's measures may not suffice
Oil prices may surge again before fresh capital inflows can stem the rupee's depreciation
4 mins
June 12, 2026
Business Standard
Citi cuts Nifty target to 26K on geopolitical risks, AI concerns
Global brokerage Citi has lowered its target for the Nifty 50 index to 26,000 from 27,000, citing persistent geopolitical tensions, risks to corporate earnings growth, and concerns about India’s position in the global artificial intelligence (AI) ecosystem.
2 mins
June 12, 2026
Business Standard
Trump: Will hit Iran ‘very hard’, want Kharg Island
Tehran seeks release of frozen funds amid discussion on preliminary deal
2 mins
June 12, 2026
Business Standard
Wall Street buckles up for SpaceX liftoff
As SpaceX prepares for its record-breaking $75 billion market debut with great fanfare, Wall Street traders, brokers and exchanges are working nonstop to make sure their trading systems can handle the blockbuster IPO and avoid the chaos that marred other highly anticipated launches.
1 mins
June 12, 2026
Business Standard
Major tax receipts rose, but total mopup fell 2% in April
No major central taxes — be it personal income tax, corporation tax, customs duty, excise duty, or central goods and services tax (CGST) — fell in April 2026-27 compared to those in April 2025-26.
1 min
June 12, 2026
Business Standard
Jio, NSE prep for mkt liftoff next week amid US IPO hype
Twin issues could fire up India's muted primary markets
2 mins
June 12, 2026
Business Standard
PM seeks monitoring of Viksit Bharat goals
Prime Minister Narendra Modi on Thursday called for stronger Centre-state coordination and a monitoring framework with 100-day and five-year targets to achieve the Viksit Bharat vision by 2047, while stressing the need to strengthen India’s resolve towards self-reliance, particularly in the energy sector.
3 mins
June 12, 2026
Business Standard
Third vessel with Indian sailors attacked by US Navy
Issue to be flagged at G7, likely PM-Trump meet
3 mins
June 12, 2026
Business Standard
Generic semaglutide market shows signs of excess inventory bulge
India’s booming semaglutide market is already showing signs of inventory buildup barely two months after generic launches flooded the market, following an aggressive stocking push by drugmakers that had anticipated strong demand for the obesity and diabetes therapy.
3 mins
June 12, 2026
Business Standard
IOB raises rates on select FDs by 10 bps
State-owned Indian Overseas Bank (IOB) has increased interest rates on select domestic non-callable fixed deposits by 10 basis points, effective Thursday, after a decision taken at its Asset-Liability Committee (ALCO) meeting.
1 min
June 12, 2026
Listen
Translate
Change font size