Deutsche bank: One of the largest banks in Germany, Deutsche Bank is considering selling its retail business in India. According to a report by news agency Reuters, Deutash Bank has invited domestic and foreign banks to bid to sell its retail banking assets. The report said that Deutch Bank has fixed the deadline for bidding from banks on 29 August. Till now, which banks have been bid have not been disclosed.

Earlier there was an attempt to sell retail business

Dutash Bank is currently exploring the possibilities of fully covering its retail business in India. It currently has 17 branches in the country. Earlier this year, the bank also made plans to make its retail business more profitable. In March, the bank’s CEO Christian Civing said that the bank would cut around 2,000 jobs to reduce the cost in its branches.

Earlier, in the year 2017, Dutash Bank tried to sell its retail and wealth management business in India, but this plan was later postponed. Deutush Bank has not given any information about the valuation of its retail business in India. In the business year 2025, the bank’s revenue from retail business stood at $ 278.3 million.

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India GDP Growth: India’s economy is moving rapidly. Chief Economist Kaushik Das for India, Malaysia and South Asia in Duthe Bank, Germany, believes something similar. According to a TOI report, Kaushik Das has said, India’s economy is expected to rise in the January 2025 in the January-March quarter. GDP growth is estimated to be 6.8 percent during this period.

GDP and GVA estimate

The estimate of 5.6 % GDP growth of 5.6 % recorded during the July-September 2024 quarter on 30 May and the fourth quarter GDP growth rate on May 30 shows improving GDP growth of 5.6 % during the July-September 2024 quarter and improvement in growth of 6.2 percent in the October-December period.

Regarding the actual gross value enhanced (GVA), it is estimated that it will grow at a rate of 6.5 percent in the fourth quarter of FY 2025, which is slightly behind GDP growth. Due to this difference between GDP and GVA, Kaushik Das is a strong decline of 44 percent in subsidy distribution compared to the same quarter last year.

Bloomberg also supported GDP growth

He said, due to this deficiency in subsidy, tax collection is expected to increase, which will lead to GDP growth above GVA. This estimate of Dutash Bank is according to the estimates made by Bloomberg. Bloomberg also estimated the growth of 6.8 percent for GDP and 6.4 for GVA.

However, there are changes in the quarterly result, so the final figures also surprise many times. However, Dutash Bank’s India Macroeconomic Momentum Indicator (IMMI) has also supported the estimate of 6.8 percent GDP growth. This indicator monitors five major parameters like industrial production and bank credit.

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