Germany’s Largest Bank Prepares Crypto Custody Launch, With Asia Expansion to Follow

Kotak Mahindra Bank received approval from the CCI to acquire Deutsche Bank's India banking business, including loans, deposits, and assets. The deal, valued at ₹281.7 crore, is expected to close in Q3 2027, subject to further approvals and customer consent. Around 1,000 Deutsche Bank employees and 16 branches will transition to Kotak, expanding its customer base and wealth management services.

Kotak Mahindra Bank (KMB) received approval from India's CCI to acquire Deutsche Bank's retail, private, and wealth management businesses in India. The deal, valued at Rs 29,000 crore in loans, Rs 16,000 crore in deposits, and Rs 10,500 crore in assets, includes 150,000 customers and 1,000 employees. KMB expects to expand its affluent and SME segments and integrate the operations.

Deutsche Bank (DB) reported a CET1 capital ratio of 14% and a leverage ratio of 4.4% for Q3. Loans increased EUR 22 billion, while deposits rose EUR 53 billion, resulting in a loan-to-deposit ratio of 69%. Provisions for credit losses totaled EUR 501 million, with management expecting a gradual decline in CRE provisions by 2027. The bank maintained its revenue and expense expectations, with revenue above EUR 33 billion and expenses around EUR 21.3 billion.

Deutsche Bank (DB) reported record nine-month profits of EUR8.4B, with revenues of EUR25.5B, targeting full-year revenues of EUR33B. All divisions achieved RoTE of 12%+. Concerns include elevated credit loss provisions and CRE portfolio risks. The bank maintained a strong capital position with a 14% CET1 ratio. DB raised EUR15B in capital, including a EUR1.25B AT1 transaction. Management discussed organic growth, potential refinancing, and deposit normalization.

Deutsche Bank reported Q3 2026 profits before tax rose 8% to €2.6B, with 9-month net profit at €5.9B. Revenues grew 5% to €25.5B, with full-year revenues expected above €33B. Assets under management reached nearly €2T, driven by record net inflows. All four business segments showed strong performance, and the bank remains on track to meet 2026 objectives, including a second share buyback.

Deutsche Bank reported a record nine-month profit before tax of €8.4 billion, driven by growth in asset gathering and banking sectors. The bank raised its 2026 revenue guidance to 'clearly above' €33 billion, citing momentum in deposits and assets under management. Management expects net interest income to exceed €14 billion in 2026 and provisions for credit losses to normalize at 30 basis points by 2028. The bank is also utilizing AI tools to improve operational efficiency.