Deutsche Bank opens branch in Pune

German financial sector giant Deutsche Bank is concentrating on personal and corporate banking segments showing immense growth potential in Maharashtra.

Deutsche Bank, on Monday, launched its 13th branch in India here to attract German companies and major Indian corporates based in western Maharashtra region.

Speaking to reporters before the launch, Deutsche Bank India CEO Gunit Chadha said, “Even if the global financial services sector is experiencing a turmoil, we continue to grow in India, which is our biggest market in Asia. Our focus remains on personal and corporate banking, which are among the largest segments for us.”

Deutsche Bank currently has a capital of Rs 6,900 crore while it makes a business of Rs 23,000 crore within India. The bank already runs two branches in Mumbai while it operates a branch each in Aurangabad and Kolhapur in Maharashtra.

“Maharashtra is a crucial state for us and we will continue to grow here. Pune is a crucial city considering the industrial belt it has around and a strong presence of German companies in this region,” he added.

The bank has more than 3,000 employees in India and operates in cities like Mumbai, Delhi, Bangalore, Chennai, Kolkata, Gurgaon, Noida, Aurangabad, Kolhapur and Pune.