Deutsche Bank On Thursday announced that it has infused Rs 325 crore ($65 million) into its Indian subsidiary and increased its tier-I capital to fund the bank’s growth in the country.

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The current capital infusion will take the Deutsche Bank group’s total capital in India to over Rs 6,000 crore, making it among the most highly-capitalised foreign banks in the country. The increase is the fourth in the last three years, with two tranches totalling Rs 2,095 crore in 2007-08 and Rs 500 crore in 2006-07, a company statement said.

Colin Grassie, CEO, Deutsche Bank, Asia-Pacific (ex-Japan), said: “This capital increase is a very clear statement of our commitment and the growth of our business in India. Times of market stress create opportunities for banks such as Deutsche Bank, which are well-capitalised and strongly positioned to assist clients. We have experienced significant increases in market share in many of our businesses in India.”

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