Sunday, September 06
Kotak Mahindra Bank and Federal Bank are in the race to purchase the retail and wealth management businesses of Deutsche Bank in India, multiple people familiar with the matter told ET. This is the second attempt in eight years by the German lender to sell this revenue stream in the country.Both private banks have evaluated the portfolio and negotiations are ongoing on the pricing of the deal, said the people cited above. The bundle includes personal loans and some mortgages the bank wants to sell.ET could not evaluate the proportion of personal loans and mortgages in the portfolio. The lender’s wealth management business in India is estimated to have assets under management of around Rs 25,000 crore. The lender's total segmental revenue from retail was Rs 2,455 crore in the fiscal year
While the just-concluded Q2 earnings season showed positive signs of earnings cut moderating, the proportion of misses in smallcaps was the highest and signaled troubling signs in the world of smallcaps where the market capitalization has already lost Rs 4 lakh crore value so far in 2025.Almost every second smallcap stock is down at least 20% this year, with names like Praj Industries, Praveg, Protean, Mobikwik, Tejas, KNR Constructions and Epack Durable down at least 50% this year alone. So far in the calendar year 2025, BSE Smallcap index is down over 4% and the combined market capitalization of smallcap stocks is down by around Rs 4 lakh crore.The earnings divergence between market segments has become stark. JM Financial's analysis revealed that 32% of small-cap companies missed expecta
India is set to overtake China to emerge as the second largest market for construction equipment after the US by the turn of this decade, according to Deepak Shetty, managing director of JCB India, the market leader in this segment.Sales of construction equipment in the local market declined by about 10% in the first 10 months of 2025 year on year "largely due to slowdown in disbursal of payments to small contractors by state governments," Shetty said."This year was an aberration.... However, monsoons have been good which will have a positive rub-off on sentiments in rural markets. Recent announcements of projects under PMGSY (Pradhan Mantri Gram Sadak Yojana) and by NHAI (National Highways Authority of India) will additionally help boost demand next year onwards," he noted.Rural markets a
