Deutsche Bank Nears Rs45bn Sale of India Retail Unit, 2026 Gold Target at $6,000
Deutsche Bank is set to sell its India retail unit to Kotak Mahindra for roughly Rs45bn, transferring Rs270bn in personal, home and MSME loans and deposits under Christian Sewing’s restructuring. The bank keeps a $6,000 year-end 2026 gold forecast despite gold’s 22% slump to $4,357 per ounce.
1. India Retail Unit Disposal
Deutsche Bank has selected Kotak Mahindra Bank as the preferred bidder to acquire its India retail operations for about Rs45bn, covering a Rs270bn portfolio of personal, home and MSME loans, deposits and Rs70bn in wealth management assets. The offer slightly exceeds the business’s net assets of Rs43bn and outpaces Federal Bank, with final terms subject to closing adjustments.
2. Gold Price Forecast and Market Conditions
Gold has fallen 22% from its January peak to $4,357.29 per ounce, pressured by oil-driven inflation and rising US Treasury yields that challenge non-yielding assets. Despite the bear market, Deutsche Bank maintains a $6,000 year-end 2026 gold price target while central banks and major institutions continue acquiring physical gold.