MUMBAI: Deutsche Bank has infused Rs 2,700 crore into its India operations to fund its growth plans in the country. With this, the total capital deployed by Deutsche Bank in its India branches stands at Rs 18,200 crore.
“The incremental capital being injected into our India franchise is a strong validation of our confidence in our business model and potential in this country, and is demonstrative of our intent to further deepen our presence here. The recent months have thrown up opportunities for us to work ever more closely with our clients and support them with best-in-class services and advice in steering through the current operating environment,” said Kaushik Shaparia, chief country officer, Deutsche Bank India.
Subsequently to the investment, the capital adequacy ratio of the India branches has further strengthened to well above the minimum required. As on March 31, 2020, capital adequacy stood at 14.93%.
This is the second time within two years that Deutsche Bank has increased the capital deployed in its India branch operations. The previous capital increase of Rs 3,800 crore in the India branch operations was deployed in early 2019.
This capital will be used to grow businesses across segments– Corporate Banking, Investment Banking, and International Private Banking – which has been consistently growing over the years. The year 2020 marks 40 years since Deutsche Bank opened its first India branch in Mumbai. Since then, it has grown to become one of the largest international banks in the country with assets of Rs 1.2 lakh crore as of March 31, 2020.