Deutsche Bank today officially launched it operations in Pune, which also included the bank’s 13th retail branch in India. Deutsche Bank now has five branches across Maharashtra – with two in Mumbai and others in Aurangabad, Kolhapur and now Pune.
The Pune branch, located at Aundh, on ITI Main Road, will offer the full suite of personal and business banking products and services to customers. These include deposit products like current and savings accounts; wealth management offerings including insurance and investment products; credit cards; and loans for individual and business customers. Customers will also have access to Deutsche Bank’s owned and shared ATMs, phone banking and Internet banking channels for banking convenience at all times. Apart from this, Deutsche Bank will also offer an array of integrated and innovative solutions in the areas of Cash Management, Trade Finance and Trust & Securities Services to corporate clients based in Pune.
The new Pune branch opening was officiated by Gunit Chadha, Managing Director and CEO, Deutsche Bank, India. Speaking at the launch event, Mr. Chadha said, “Pune has been a centre for progressive entrepreneurship and foreign investment and it has long been our desire to be a full service financial services provider in this vibrant market. We will offer appropriate solutions to meet the increasingly sophisticated financial needs of Corporate and individual Clients based in Pune.”
Prashant Joshi, Head, Private & Business Clients, Deutsche Bank, India, said, “Pune is one of the fastest growing cities in India and has a large segment of customers interested in accessing international-standard, high-quality financial services. We will offer full-fledged retail banking with strong, customer-centric products and services to this segment of customers.”
About Deutsche Bank:
Deutsche Bank is a leading global investment bank with a strong and profitable private clients franchise. A leader in Germany and Europe, the bank is continuously growing in North America, Asia and key emerging markets. With 78,291 employees in 76 countries, Deutsche Bank offers unparalleled financial services throughout the world. The bank competes to be the leading global provider of financial solutions for demanding clients creating exceptional value for its shareholders and people.
Deutsche Bank started operations in India in 1980. Today, Deutsche Bank is one of India's most respected financial services providers, widely regarded for its deep commitment to the Indian market, strong client relationships, sophisticated product technology & global connectivity, built with strong corporate governance standards. With over 8100 employees in India, Deutsche Bank operates branches in Mumbai, New Delhi, Bangalore, Chennai, Kolkata, Gurgaon, Noida, Aurangabad, Kolhapur, Pune, Salem and Vellore. India is amongst the largest franchises of Deutsche Bank’s presence in 17 markets in Asia-Pacific.
Deutsche Bank has successfully launched several new businesses in India - reflecting its desire to engage with a larger population of clients across the country. Building on its dominant global markets - debt and derivatives - and leading transaction banking - cash management, trade finance and custody - franchises, Deutsche Bank has since 2003 started and gained significant market share gains in on-shore investment banking, institutional equities broking, retail banking & credit cards (with over 5,70,000 clients) and growing business processes outsourcing, thus making Deutsche Bank a fully integrated financial services provider to Indian corporate, institutional and individual clients.
Deutsche Bank’s has received several awards in India including “The Best Investment Bank in India 2007“and “Best Debt House in India 2007” by Euromoney, “Best Cash Management Bank in South Asia 2007” by Triple Asset Asian Awards, “Best Private Bank in India 2007” by Asiamoney Private Banking Polls and the “2006 Award for Outstanding contribution towards the promotion of Indo-German economic relations” by the Indo-German Chamber of Commerce.