Bloomberg Deutsche Bank AG is conducting an internal probe after receiving complaints that some bank employees sold risky investments to clients who didn’t properly understand them, and then shared the profits. “We initiated an investigation in relation to our engagement with a limited number of clients,” a bank spokesman said in a statement following a Financial Times report, adding that ...

Bloomberg Kotak Mahindra Bank Ltd., India’s third-largest lender by market value, posted December-quarter profit that topped analyst expectations as bad debt fall. Net income totaled 18.5 billion rupees ($254 million) for the three months ended December 31, compared with 16 billion rupees a year earlier, the Mumbai-based bank said in a filing on Monday. Analysts had expected a profit of ...

Bloomberg India’s central bank proposes tighter regulations for large shadow lenders to prevent events such as the collapse of a major financier in 2018, the effects of which still linger in the nation’s financial system. The Reserve Bank of India (RBI) suggests classifying so-called non-bank financial companies (NBFCs) into four categories based on parameters including the size of assets, according ...