Another foreign bank is exiting from its retail banking operations in India. After Citibank, Deutsche Bank has decided to sell its retail banking assets in India.

The Germany-headquartered lender has shared an invitation for a non-binding bid with at least four Indian private banks.

As of 31 March, Deutsche Bank operates across 17 branches in India with a loan book of over Rs 67,000 crore and deposit book of over Rs 73,000 crore. 

In 2021, Citi sold its retail business to Axis Bank.