Deutsche Bank India gets capital infusion of Rs 1,054 crore

Dec 14 2012, 02:05 IST
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SummaryGerman banking giant Deutsche Bank on Thursday said that it has infused an additional capital of Rs 1,054 crore into its India operations to fund its growth plans.

German banking giant Deutsche Bank on Thursday said that it has infused an additional capital of Rs 1,054 crore into its India operations to fund its growth plans.

The capital infusion, which takes the total capital base to Rs 7,000 crore, is the second infusion in 2012 and the sixth since 2007, the bank said in a statement.

“This capital infusion will enable us to further deepen our client franchise here. In particular, we will further expand our transaction banking and retail banking,” Deutsche Bank India chief executive Ravneet Gill said.

The infusion will take its total capital adequacy to 16%, the statement added. The Frankfurt-headquartered Deutsche Bank is co-headed by India-born Anshu Jain.

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