Deutsche Bank has invested Rs. 5,113 crore (€571 million) into its branch operations in India to support its growth plans. This investment, along with retained earnings and other regulatory components, boosts the regulatory capital of Deutsche Bank’s India branches to nearly Rs. 30,000 crores, a 33% increase from 2023.
India is becoming a key player in global investment, and Deutsche Bank is dedicated to helping the country’s development in areas like digital advances, sustainable finance, technology, and infrastructure. Over the past ten years, the bank has significantly raised its capital investments in India, tripling its capital base. This ongoing investment shows Deutsche Bank’s strong dedication to expanding its business in India and improving the capital adequacy of its local branches.
Alexander von zur Muehlen, CEO of Deutsche Bank for Asia Pacific, Europe, the Middle East, Africa (EMEA), and Germany, stated that India stands to gain from important trends such as changing supply chains, industry digitization, geopolitical tensions, and global demographic shifts. He sees great potential in the bank’s well-diversified operations in India.
Kaushik Shaparia, CEO of Deutsche Bank Group in India, highlighted that this new capital reflects confidence in their business model and potential in the country. It will help further grow Deutsche Bank India, which offers Corporate Banking, Investment Banking, and Private Banking services and has seen consistent growth over the years.
This capital increase is specific to Deutsche Bank’s local branches in India and does not include other entities in the country. It represents the bank’s largest capital investment in India in recent years. Having been in India for nearly 45 years, Deutsche Bank has become one of the largest international banks in the country, with a balance sheet size of Rs. 1,45,235 crores as of March 31, 2024.