Deutsche Bank faces an uncertain future, may exit India equities biz too

Spokesperson says it is too early to talk about specifics

Deutsche Equities India (DEIPL), the domestic investment banking and equities trading arm of Deutsche Bank, faces an uncertain future. Sources say DEIPL is in the process of unwinding its India operations, following Germany-headquartered parent’s decision to exit the equities trading business globally. 

On Sunday, the beleaguered Deutsche Bank announced major overhaul of its business, which included discontinuing loss-making equities trading business, creating a new ‘bad bank’, and cutting 18,000 jobs. 

DEIPL employs 35 people, all of whom could face the job axe, said people in the know. When questioned, Deutsche Bank India spokesperson said it is too early to tell how the