Money & Banking

Deutsche Bank’s India profit rises 93% in 2014-15

Our Bureau Mumbai | Updated on January 24, 2018

Deutsche Bank on Thursday said its India branches posted a net profit of ₹1,406 crore for the year ended March 2015, an increase of 93 per cent over the previous year figure of ₹729 crore.

Net revenue increased 45 per cent to ₹3,925 crore, up from ₹2,713 crore in the year ended March 2014, the foreign bank said in a statement.

The results cover the performance of the 17 India 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, corporate finance, outsourcing or the non-banking finance company.

The bank’s total balance sheet size increased by 7 per cent to ₹61,597 crore as of March 31, 2015. Advances as of March 31 were ₹36,138 crore, an increase of 25 per cent over the previous year, mainly due to increased lending to wholesale and retail businesses.

Net non-performing assets (NPAs) stood at 0.13 per cent of net advances as on March 31, 2015.

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Published on June 18, 2015
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