Germany’s Deutsche Bank is reportedly set to recruit 1,000 people for technology centres in India. The bank will hire both freshers and experienced professionals.

As per the Moneycontrol report, the hiring will support the development of the bank’s internal technology capabilities to meet evolving consumer requirements.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

The bank committed to investing €13bn between 2019 and 2022 in its digital transformation, Deutsche Bank CEO Christian Sewing said.

Furthermore, the bank’s global head of Technology Centres Dilipkumar Khandelwal noted India’s key role in supporting its digital transformation strategy.

Khandelwal was quoted by Moneycontrol as saying: “There is a conscious effort on creating an engineering driven culture, to get our people to internalise and get more people to focus on engineering and coding aspects to build niche capabilities that are required for the bank.”

The bank has selected four regions for its technology centres – India, the US, Romania and Russia. Currently, the tech centre in India employs 4,000 people.

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.

At all these tech centres, the bank is hiring to support its engineering capabilities.

Deutsche Bank opened its first branch in India in 1980 and now runs branches across 16 cities in the country. This March, the bank revealed plans to hire approximately 1,000 IT professionals in India, according to reports.

In April, the German financial services giant reported its highest quarterly Group profits in seven years. Profit before tax was €1.6bn for the first quarter of 2021, up from €206m in the first quarter of 2020.

The bank’s net profit was €1bn, a surge from €66m in the prior year quarter.