Deutsche Bank AG has said that it would be commencing its retail operations in Ludhiana.
The bank had just started its branch in Moradabad on 10th April 2010. With this the total number of branches of the Deutsche Bank in India has gone up to 15. The Ludhiana branch would be offering the bank’s entire range of products and services including car loans to the customer.
The product range of the bank would comprise of deposit products such as current and savings accounts, private banking solutions, credit cards, mortgages along with investment and insurance products.
Tele banking services would also be offered to clients along with online banking facility which is one of the bank’s major strengths and access to ATM facilities.
Special solutions like Cash Management and Trade Finance to corporate clients and SMEs situated in Ludhiana would be offered by the banks.
The branch was opened by Gunit Chadha, Managing Director and CEO, Deutsche Bank, India. He said: “Ludhiana is one the premier cities of Punjab and we are delighted to offer our world class financial and advisory services in this vibrant market.”
Prashant Joshi, Managing Director & Head, Private & Business Clients, Deutsche Bank, India, said: “The city of Ludhiana has seen strong overall growth over more than a decade now and there is a large segment of customers interested in availing high quality financial services.”