Deutsche Bank's FY 08 PAT up 77% to Rs 386.11 cr

Total income rose 51 per cent at Rs 2,461.71 crore as against Rs 1,625.37 crore while the total assets of the bank increased 40 per cent to Rs 24,713 crore in FY 08 from Rs 17,715 crore in the previous year, a press release issued here today stated.        
Deutsche Bank's total advances increased 81 per cent to Rs 8,960 crore from Rs 4,945 crore while deposits surged by 97 per cent to Rs 13,755 crore as against Rs 6,978 crore last fiscal.        

While it improved its net interest margin (NIM) from 2.9 per cent to 3.8 per cent, Deutsche Bank also fared well on the NPA front with its net NPAs at a negligible 0.22 per cent.        

Its capital adequacy was at a healthy 13.58 per cent as against 10.62 per cent as at end-March 2007, the release said.        

During FY 08, Deutsche Bank infused Rs 2,780 crore of fresh capital taking its aggregate invested networth of group entities in the country to around Rs 5,700 crore, making it one of the highest capitalised foreign banking groups in India.        

Assets under management and/or advise of the private client and asset management businesses of the group in aggregate increased to Rs 19,767 crore, a rise of over 66 per cent over the last fiscal while the bank increased its retail banking and credit cards clients in the country to over 5,20,000, up 115 per cent over the previous fiscal.