Deutsche Bank India contributes Rs. 5 crores to Prime Minister's National Relief Fund for Tsunami victims
Mr. Gunit Chadha, Managing Director and Chief Executive Officer for Deutsche Bank India said,"As the relief effort now moves towards ensuring sustainable recovery, we are pleased to assist the Governments tremendous efforts in supporting the affected communities."
Deutsche Bank's corporate and staff donations for Tsunami relief now totals in excess of USD16m.
About Deutsche Bank
With roughly Euro 845 billion in assets and approximately 65,400 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.
In India, Deutsche Bank operates with a staff strength of over 500 people through its five full-fledged branches in Mumbai, Delhi, Bangalore, Chennai and Kolkata.
With a strong presence in India, the Bank is represented by the businesses of Global Markets (fixed income and equities), Global Banking (which comprises corporate finance, relationship management and transaction banking (trade finance, cash management, domestic custody and trust services)), Asset Management, and Private Wealth Management.
Over the past three years, Deutsche Bank India has seen a consistent and steady growth in profits. Pre-tax profits have shown a rise from INR 260.28 crores (Euro 48.70 Mio) during the financial year 2001-2002 to INR 323.58 crores (Euro 60.54 Mio) in 2002-2003 and INR 494.71 crores (Euro 92.56 Mio) in the financial year 2003-2004. This strong consistent growth reiterates the Bank's focus to the businesses in India.
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