by N R Indran

Deutsche Bank today announced that its India branches posted a Profit After Tax of Rs.630 crore for the year ended March 2011, an increase of 41 per cent on the previous year’s figure of Rs.446 crore. Profit Before Tax grew to Rs.1,190 crore an increase of 43 per cent as against Rs. 833 crore last year. Total Income increased 19 per cent to Rs.2,861 crore, up from Rs.2,396 crore in the year ended March 2010.

Announcing the results, Mr. Gunit Chadha, Chief Executive Officer, Deutsche  Bank India said, “Our financial results reflect the tremendous momentum built by our businesses in India. As we complete 30 years of operations in India, we are confident that our new integrated client centric model will further embed Deutsche into the country and propel us towards the goal of substantially enhancing value add to our multi-national, Indian and Institutional clients. Our corporate and investment banking businesses have achieved market-leading positions in several verticals like equity capital markets, debt capital markets, customer foreign exchange and transaction banking.”

During the year, Deutsche Bank increased its capital base in India by over Rs.330 crore, the fourth infusion since 2007, taking Deutsche Bank’s capital base in India to over Rs.5,500 crore and thus making it one of the highest capitalised foreign banks in the country.  The Banks’ Capital Adequacy Ratio stood at 15% as at March 31, 2011.

Gross Non Performing Assets (NPA) as a proportion of Gross Advances stood at

1.24% while Net NPA as a proportion of Net advances was 0.23% as at March 31, 2011 compared to 1.99% and 0.79%, respectively as at March 31, 2010.

The results cover the performance of the Indian 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, primary dealership, corporate finance, outsourcing or the NBFC.

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