Germany-based Deutsche Bank has pumped Rs51.13bn (around $607m) into its India operations to support growth through digital transformation.

The infusion, alongside retained earnings and other statutory components, raises the regulatory capital of Deutsche Bank AG India branches to nearly Rs300bn ($3.56bn).

This marks a 33% increase over the previous year.

The bank is focusing on pivotal areas such as digital transformation, sustainable finance, technology, and infrastructure development.

Over the past decade, Deutsche Bank has tripled the capital base for its India business.

The fresh capital is earmarked for the expansion of Deutsche Bank India across its various business segments, including corporate banking, investment banking, and private banking.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Deutsche Bank Asia Pacific, Europe, Middle East & Africa (EMEA) and Germany CEO Alexander von zur Muehlen said: “India is well positioned to benefit substantially from many of today’s most important trends – reshaped supply chains, digitization of industries, increased geopolitical frictions, global demographic changes, among others. Consequently, we see enormous potential for our deeply integrated, well diversified business in India.

“We have boosted our capital allocation in India to enable our expansion and further deepen our presence in this critical growth market.”

The capital increase is specific to Deutsche Bank’s local India branches and does not include other entities operating within the country.

Deutsche Bank Group India CEO Kaushik Shaparia said: “This incremental capital into our India franchise is a strong validation of confidence in our business model and potential in this country.

“As a Global Hausbank, we continue to see opportunities for us to work ever more closely with our clients, to support them with best-in-class services and advice.”