The Hinduja Group is considering making a bid for BHF-Bank, the private banking business which Deutsche Bank acquired when it bought its parent company Sal Oppenheim, Bloomberg reports, citing the German news site Die Welt.

Hinduja is reportedly among bidders looking at BHF-Bank’s books, according to the publication. The group bought KBL European Private Bankers from Belgium's KBC Group in May this year.

This publication was not able to contact either party before going to press.

At the end of last week news broke that Bankhaus Lampe was also contemplating a bid for the bank whilst other bidders reportedly include Liechtenstein’s LGT Group and Apollo.