Kotak, Federal Bank lead bids for Deutsche Bank’s India retail portfolio – report

Group 1 - Deutsche Bank is in negotiations to sell a portfolio of assets with a book size of at least $2.5 billion, which includes mortgage lending, small business loans, and wealth management services [1] - Emirates NBD was previously interested in Deutsche Bank's Indian assets but later chose not to submit an offer, while currently pursuing a majority stake in RBL Bank [2] - Deutsche Bank is reassessing its presence in India, focusing on corporate and investment banking for multinational enterprises and major local clients, having a branch network across 16 Indian cities [2] Group 2 - Kotak Mahindra Bank is looking to integrate Deutsche Bank's local assets, adding to its recent acquisitions, including Standard Chartered's personal loan book [3] - Federal Bank, supported by Blackstone's investment, aims to expand from regional to national operations [4] - MUFG Bank has entered into an investment agreement to acquire a 20% equity stake in Indian non-bank lender Shriram Finance through a preferential share allotment [5]