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Deutsche Bank ends talks over sale of India business - sources

Reuters  |  FRANKFURT 

(Reuters) - has ended talks to sell its Indian and wealth management business to private lender Ltd, two people with knowledge of the matter said on Tuesday.

The German is now considering retaining the business under its new chief executive, Christian Sewing, said the people, who spoke on condition of anonymity. They noted that a final decision has not yet been made.

A declined to comment. first reported the earlier on Tuesday.

has been active in since the beginning of the 1980s. It employs more than 12,000 people in the country, though many work in IT support rather than in

The German lender sold its Indian mortgage business in 2010 and its asset management business five years later.

(Reporting by Andreas Framke; Writing by Tom Sims; Editing by Susan Fenton)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, April 17 2018. 17:26 IST