A recent press report said that Deutsche Bank’s India branches has posted a profit after tax of Rs 630 crore for the year ended March 31, 2011, an increase of 41 per cent over the Rs 446 crore in 2009-10 fiscal.
According to a press release the total income increased 19 per cent to Rs 2,861 crore from Rs 2,396 crore. The bank’s Interest income increased to Rs 1,880 crore from Rs 1,579 crore and non-interest income rose to Rs 980 crore from Rs 817 crore.
Mr. Gunit Chadha, Chief Executive Officer, Deutsche Bank India, said, the bank’s corporate and investment banking businesses have achieved market-leading positions in several verticals like equity capital markets, debt capital markets, customer foreign exchange and transaction banking. The bank
The bank has infused over Rs 330 crore into its India operations, taking the capital base to over Rs. 5,500 crore. The bank offers exclusive home loan, personal loans, car loan etc.
Reports added saying that the bank is one of the highest capitalised foreign banks in the country. The banks advances increased to Rs 14,294 crore from Rs. 12,923 crore, while deposits were marginally lower at Rs 14,646 crore.