Deutsche Bank Pours Rs 5,113 Cr into Indian Operations

6 Nov 2024 , 12:21 PM

On Wednesday, Deutsche Bank, a German lender, said that it has invested an extra Rs 5,113 crore in its operations in India. According to a statement from Deutsche Bank, this is the biggest capital inflow into India in recent years and will be utilised to grow across business lines, such as corporate, investment, and private banking.

“India is in a good position to gain a lot from many of the most significant developments of our time, including global demographic shifts, redesigned supply networks, digitalisation of industries, and heightened geopolitical tensions.

Alexander von zur Muehlen, its chief executive officer for Asia Pacific, Europe, the Middle East and Africa, and Germany, stated, “Therefore, we see enormous potential.”

With a balance sheet size of Rs 1.45 lakh crore as of March 31, 2024, the institution has been operating in India for the past 45 years, making it one of the biggest international banks in the nation. Across the nation, it has 17 branches.

According to the statement, the regulatory capital of Deutsche Bank AG India branches has increased threefold in the past ten years, with the new infusion representing a 33% increase in the capital buffer over 2023 levels.

The bank reaffirmed its dedication to fostering India’s development, particularly in fields like sustainable finance, digital transformation, technology, and infrastructure advancement.

The investment, according to Kaushik Shaparia, the company’s national chief executive officer, is a “strong validation of confidence in the business model and potential in India.”

According to the announcement, the money will only be used for its branches within the nation; it does not include funds for other organisations that operate there.

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