Deutsche Bank has reported a 63.29% increase in its Indian operations' FY06 net profit at Rs 125.9 crore when compared with Rs 77.1 crore, in FY05. Its total income in FY06 was Rs 1,164 crore, up 45.82% from 798.2 crore a year earlier.The interest income from the German bank's Indian branches increased 55%to Rs 603.7 from Rs 390.1 crore, but its interest expenses have shown only a marginal increase to Rs 368.2 crore from Rs 304.7 crore a year earlier. Its net interest income was Rs 213.6 crore.The deposits of the bank, which launched its retail banking operations earlier this year, increased 23.10% to Rs 4,379.8 crore from 3,557.8 crore. Its advances marginally increased to Rs 2,581.7 crore at the end of March 2006 from Rs 2,540 crore a year earlier.The bank retained Rs 57.1 crore of remittable profits to augment its capital adequacy. Its capital plus reserves stood at Rs 1,311.2 crore at the end of March 2006. The capital adequacy ratio of the bank's Indian branches was 12.74% at the end of March 2006.The bank's gross non-performing assets were just Rs 8.4 crore. It had to make provisions of Rs 13.5 crore during the year on account of depreciation in investments.
