Deutsche Bank infuses additional Rs 5,110 crore into India operations for expansion – Banking & Finance News

German lender Deutsche Bank on Wednesday announced that it has infused Rs 5113 crore (€571 million) into its India branch operations to fund its growth plans in the country. The additional funds, along with retained earnings and other statutory components, increases the regulatory capital of Deutsche Bank AG India branches, to nearly Rs 30,000 crore, registering a jump of 33 per cent over 2023 levels, it said in a statement. 

Capitalizing on India’s growth trajectory, Deutsche Bank said that it is committed to supporting the country’s growth, particularly in areas such as digital transformation, sustainable finance, technology, and infrastructure development. 

Deutsche Bank, over the last decade, has significantly increased its capital investments, tripling the capital base for Deutsche Bank Group in India. The steady capital infusion into India reflects the bank’s strong commitment to growing its business in the country and further strengthening the capital adequacy ratio of Deutsche Bank’s India branches.

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Alexander von zur Muehlen, CEO of Asia Pacific, Europe, Middle East & Africa (EMEA) and Germany and Member of the Management Board, Deutsche Bank, 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,” he added. 

Kaushik Shaparia, CEO, Deutsche Bank Group, India, 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.”

Deutsche Bank, which offers corporate banking, investment banking and private banking, said the capital will be used to support further expansion of its operations across businesses in India. The capital increase applies only to Deutsche Bank’s local India branches and excludes other entities operating in the country. This is the largest capital allocation the bank has made into India in recent years. 

Deutsche Bank has been present in India for nearly 45 years and has grown to become one of the largest international banks in the country with a balance sheet size of Rs 1,45, 235 crore as of 31 March 2024.

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