Mumbai, October 18, 2005

Deutsche Bank launches retail banking operations in India


Deutsche Bank today announced the launch of comprehensive retail banking in India. Starting with Mumbai today, Deutsche Bank will open retail banking operations in eight branches in the cities of Mumbai, Delhi, Kolkata, Chennai, Bangalore, Gurgaon and Noida, over the coming weeks.

Deutsche Bank will commence its Indian retail operations with more than 400 trained staff. Launching with a comprehensive product and service offering - from current and savings accounts to investment products and loans - Deutsche Bank will also introduce a wide-ranging advisory service to meet the investment and financial planning needs of demanding customers.

The Bank offers a conveniently located ATM-network. Transactions will be free of charge to customers through 5,500 shared ATMs across the country. In parallel, Deutsche Bank will launch state-of-the-art online and tele-banking services.

Announcing the launch, Rainer Neske, a Member of the Group Executive Committee of Deutsche Bank, said, "As the leading retail banking provider in Germany and parts of Europe, we have keenly followed the developments in India - one of the most exciting growth markets in the world. The number of affluent Indian consumers is increasing, the market for consumer goods is expanding and private customers' demand for excellent advisory services and high quality banking products continues to rise. This is an exciting market that Deutsche Bank seeks to serve by providing advanced value, innovation and convenience to Indian customers."


For further information, please contact:

Deutsche Bank

Andreas Bartels (Frankfurt)
Phone +49 69 910 42 648
e-mail: db.presse@db.com

Madhvendra Das (Mumbai)
Phone +91 22 5658 4356

About Deutsche Bank

With Euro 964 billion in assets and 63,652 employees, Deutsche Bank offers unparalleled financial services in 74 countries throughout the world. Deutsche Bank competes to be the leading global provider of financial solutions for demanding clients creating exceptional value for its shareholders and people.

Deutsche Bank ranks among the global leaders in corporate banking and securities, transaction banking, asset management, and private wealth management, and has a significant private and business banking franchise in Germany and other selected countries in Continental Europe.

http://www.db.com/

 




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