Deutsche Bank’s
Private Bank and Wealth Management transition update

Deutsche Bank A.G., acting through its India branch (“Deutsche Bank”) has entered into an agreement with Kotak Mahindra Bank Limited (“Kotak”) to transfer its Private Bank and Wealth Management business in India on a going concern basis, subject to customary regulatory approvals.

We recognise the importance of continuity and are committed to ensuring a smooth transition. Deutsche Bank will guide you through all necessary steps at the appropriate time and provide detailed information regarding each step of the consent process required for the transfer of your relationship. Please be assured that Deutsche Bank is working with Kotak towards a smooth and seamless transition.