Deutsche Bank ups capital base in India

German lender Deutsche Bank said that it has increased its capital base in India by Rs 1,054 crore, taking its total equity capital to Rs 7,000 crore and capital adequacy ratio to about 16 per cent.

This is the second capital infusion in 2012, the first being Rs 455 crore, the bank added and the sixth since 2007.

Deutsche Bank India's CEO Ravneet Gill said, "The capital increases reflect the importance of the India franchise to Deutsche Bank's global growth plans. It will enable us to further deepen our client franchise in India. In particular, we will further expand our transaction banking and retail banking businesses."

The bank has a network of 16 branches in India and made a net profit of Rs 823 crore for the year ended March 31, 2012, as against Rs 630 crore in the previous year. The bank's total income was Rs 3,151 crore in 2011-12 and net interest margin 5.7 per cent.

Comments (+)