Deutsche Bank infuses $637 million into India operations

Deutsche Bank has announced the infusion of ₹5,113 crore (about $637 million) into its India operations to accelerate digital transformation.

This is the largest capital allocation the bank has made into India in recent years, the German multinational lender said in a statement.

The funds will be used only for the bank’s local India branches, excluding other operating entities across corporate, investment, and private verticals, the statement said.

With the latest infusion of funds, along with earnings and other statutory gains, the lender’s regulatory capital has surged by 33% from 2023 levels to ₹30,000 crore.

The German lender has been operating in the country for nearly 45 years and had a balance sheet size of ₹ 1.45 trillion as of 31 March.

In the past 10 years, Deutsche Bank said it tripled its capital base in the country, strengthening the capital adequacy ratio at its India branches.

“India is well positioned to benefit substantially from reshaped supply chains, digitization of industries, increased geopolitical frictions, and global demographic changes,” Deutsche Bank chief executive of Asia-Pacific, Europe, Middle East and Africa (EMEA) and Germany, Alexander von Zur Muehlen said.

“Consequently, we see enormous potential for our deeply integrated, well-diversified business in India. We have boosted our capital allocation in India to enable our expansion and further deepen our presence in this critical growth market,” Muehlen said.

“This incremental capital is a validation of confidence in our business model and potential in this country,” Kaushik Shaparia, CEO of Deutsche Bank Group, India, said.