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History of Deutsche Bank in India

1870


Deutsche Bank was founded in Berlin to promote and facilitate trade relations between Germany and international markets.

1874

Negotiations of Deutsche Bank with the German government on issuing a silver loan for India.

1889


Foundation of Deutsch-Asiatische Bank in Berlin – as a special institution for the East Asian market – by a German bank syndicate led by Disconto-Gesellschaft and Deutsche Bank.

1896


Deutsch-Asiatische Bank opened its first branch for India in Calcutta (now Kolkata).

1914

The Calcutta branch closed due to the beginning of World War I.

1956


Later spokesman of Deutsche Bank’s Management Board Hermann J. Abs met the prime minister of India Jawaharlal Nehru during his visit in Germany.

1972


Deutsch-Asiatische Bank and its branches were integrated into the newly founded European Asian Bank.

1980


European Asian Bank opened its first branch for India in Bombay (now Mumbai).

1986


European Asian Bank became Deutsche Bank (Asia).

1988


Deutsche Bank (Asia) was merged into Deutsche Bank AG. The management of the Asia business was relocated from Hamburg to the regional head office in Singapore. The Mumbai branch began to operate under the name of Deutsche Bank AG. Since 1994 the branch has been located in the former Tata Palace.

1989


Deutsche Bank opened a branch in India’s capital New Delhi.

1990


DB Finance India, a joint-venture financial services company between Deutsche Bank and Unilever, was established in Bangalore.

1994


Deutsche Bank opened a branch in Bangalore.

1996

Deutsche Bank opened a branch in Kolkata.


2003

Deutsche Bank started Privated Wealth Management (PWM) in India.


2005


Deutsche Bank launched its Private & Business Clients (PBC) activities in India.

2006


Deutsche Bank launched credit cards in India.

DWS started its activities in India.

2007


New PBC branches in Aurangabad and Kolhapur.

2008

Deutsche Bank launched its global alternative investment management business in India (RREEF).



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Last Update: April 1, 2010
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