Deutsche Bank to Exit India Retail Banking Invites Bids for Asset Sale
New Delhi: German lender Deutsche Bank has reportedly decided to sell its retail banking assets in India. It has also invited bids from domestic and international lenders interested in buying these assets, reliable sources said. Deutsche Bank CEO Christian Seiving announced in March that it would cut about 2,000 jobs globally this year and significantly reduce the number of branches to boost profits in its retail banking division.
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