Business Daily from THE HINDU group of publications
Friday, Jun 22, 2007
ePaper
Business Daily from THE HINDU group of publications Friday, Jun 22, 2007 ePaper |
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Money & Banking
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Financial Performance Corporate Results - Foreign Banks Deutsche Bank full-year net rises 73% Our Bureau
Mumbai June 21 Deutsche Bank has posted a net profit of Rs 218.22 crore for the fiscal ended March 2007, an increase of 73 per cent from the previous year's Rs 125.92 crore. Total income increased 40 per cent to Rs 1,625.36 crore, from Rs 1,158.97 crore. Total assets of the bank jumped 47 per cent to Rs 17,715 crore from Rs 12,050 crore.
Additional capital
According to a press release, Deutsche Bank recently infused Rs 1,125 crore of fresh capital in its Indian operations for greater business engagement in the country. Its capital adequacy in India stands higher at 13.2 per cent (10.62 per cent). Total advances increased by 92 per cent to Rs 4,945 crore (Rs 2,581 crore) while total investments grew by 90 per cent to Rs 6,203 crore (Rs 3,260 crore). Net NPAs were negligible at 0.01 per cent.
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