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Deutsche Bank infuses Rs625 cr in Indian operations

Deutsche Bank infuses Rs625 cr in Indian operations
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First Published: Wed, Apr 25 2007. 07 59 PM IST
Updated: Wed, Apr 25 2007. 07 59 PM IST
PTI
New Delhi: Deutsche Bank has infused Rs625 crore in its Indian branches to meet the growing credit demand in the country. This is the second infusion by the bank as per its plan to bring Rs1,125 crore capital into the country, Deutsche Bank said on 25 April.
The first tranche of Rs500 crore is brought in December last year, it added. “Our large capital infusion programme is a reiteration of India being a global priority market for Deutsche Bank and a clear indicator to the bank’s growth in the country,” Deutsche Bank Group India’s managing director and chief executive officer Gunit Chadha said.
With the fresh infusion, the capital funds of the bank would almost double to Rs2,400 crore from Rs1,286 crore as on March 31.
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First Published: Wed, Apr 25 2007. 07 59 PM IST
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