Deutsche Bank to Invest Rs 5,113 Crore in India Operations for Expansion.
Banking & Finance
Germany-based investment bank and financial service company, Deutsche Bank announced the investment of an additional Rs 5,113 crores into its India operations to support its expansion efforts.
- The new capital investment represents a 33% increase in the capital buffer compared to 2023, raising the regulatory capital of Deutsche Bank's India branches to nearly Rs 30,000 crores.
- The largest capital investment in India aims at expanding various business sectors such as corporate banking, investment banking, and private banking.
Main Points:- (i) The bank confirmed its commitment to support India's growth with a focus on sectors like digital transformation, sustainable finance, technology, and infrastructure development.
(ii) The Bank invested Rs. 2,700 crores into its India operations in 2020 and Rs. 3,800 crores in 2019.
CEO: Christian Sewing
Headquarters: Frankfurt, Germany
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