The firm has reportedly overturned a decision to sell its retail and private wealth businesses in India.

Deutsche Bank has declined to comment on reports that it has shelved plans to sell its retail and private wealth businesses in India to IndusInd Bank.

The sale was initiated under former chief executive, John Cryan, who was recently replaced by Christian Sewing, as reported by this publication.

According to reports, the German lender is reconsidering the deal following Cryan’s departure.

Bloomberg said new CEO Sewing and retail head Frank Strauss have decided that Deutsche Bank was not going to get a price that justified selling the operation. The lender has instead decided to keep the assets and is now considering increasing its investment in India.

The two businesses have a reported 300 billion rupees ($4.6 billion) in assets.

The bank, which started operations in India in 1980, has previously stripped parts of its business in the country. In 2010, it sold its mortgage business, and five years later it offloaded its local asset management unit.