You are here: Home » Finance » News » Others
Business Standard

Deutsche Bank raises capital base by Rs 455 cr

BS Reporter  |  Mumbai 

Deutsche Bank on Tuesday said it had increased its capital base in India by Rs 455 crore to its expansion plans here.

The bank’s capital base now stands at Rs 5,500 crore.

This is the fifth time the foreign lender has increased its capital base in India since 2007. The capital base pertains to only the bank’s branches. It excludes other Deutsche Bank entities in India, including equity broking, investment banking, primary dealership, asset management and shared services.

Gunit Chadha, chief executive, Deutsche Bank in India, said, “It (capital increase) underscores India’s significance in Deutsche Bank’s global plans. This increase enables us to further service and our corporate, institutional and retail clients in one of the fastest growing markets globally.”

This year, the bank plans to open a branch each in Ahmedabad and Surat. This would expand its network to 17 branches in 16 locations across the country. The bank also plans to add 130,000 sq feet of rented office space.

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Wed, March 14 2012. 00:32 IST
RECOMMENDED FOR YOU
.