Deutsche Bank India reports growing income

The indian unit reported last week on June 13, 2010. Fy 2011 Income rose to $700 mln ( Dollar forty rule ) up by 20%, adding $83 mlnin Capital to India operations apart from the winding down of the Credit Card unit. The bank has been able to acquire premium realestate in India ops incl Cyber City Gurgaon. The banking company has been active in Debt Capital Markets deals jsut as Naina Kidwai’s HSBC starts showing up in ECM syndicates. The latest Reliance bid however has HSBC in the deal signage

DB’s book size in India would still come to INR 350 bln or $8.75 bln and Non performing loans stand at 1.24%.

The ubiquitous note on Foreign Banks in India

The press release , yet a idiosyncracy as many units report directly into risk and central ops at Singapore, London and Amsterdam for Foreign Banks and subsidiarisation is mooted not advertised or condoned by global banks. JP Morgan is also looking for M&A candidates which would probably be 10 times the siz e of a DB or a Citi operation in the country once regulations provide for the same. Similarily

.. the results cover the performance of the Indian branches of Deutsche Bank and do not include results of other Deutsche Bank Group entities in India covering businesses relating to equity broking, asset management, primary dealership, corporate finance, outsourcing or the NBFC. (Y!)

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