Deutsche Bank infuses Rs 2,700 cr into India operations for expansion

This is the second time in less than two years that the bank has infused money into local operations consisting of 17 branches, after the Rs 3,800 crore investment in early 2019

German lender Deutsche Bank has infused Rs 2,700 crore in its India operations to fund its growth plan in the country, taking the total capital deployed to Rs 18,200 crore. 

“This capital will be used to support further expansion of Deutsche Bank India across all of its businesses — Corporate Banking, Investment Banking, and International Private Banking — which have been consistently growing over the years,” Deutsche Bank said in a statement. The capital pertains to only the bank’s India branches and excludes all other group entities operating in the country, it said. 

Its chief country officer Kaushik Shaparia said the incremental