The bank's total income increased for reporting year rose 51 per cent to Rs 2,461.71 crore, up from Rs 1,625.37 crore in the year ended March 2007. The total assets jumped 40 per cent to Rs 24,713 crore from Rs 17,715 crore in the previous year. Its net interest margin (NIM) increased to 3.8 per cent from 2.9 per cent.
Gunit Chadha, managing director and chief executive officer of Deutsche Bank India, said the performance reflected the robust growth momentum of its business franchises.
The German bank's Indian operations saw a 81 per cent rise in advances to Rs 8,960 crore from Rs 4,945 crore in the previous year. The deposits surged by 97 per cent to Rs 13,755 crore as against Rs 6,978 crore. The total investments grew 64 per cent to Rs 10,171 crore against Rs 6,204 crore during the period. The net non-performing assets (NPAs) continued to be negligible at 0.22 per cent.
During the year 2007-08, Deutsche Bank Group infused Rs 2,780 crore of fresh capital into the country, including Rs 2,095 crore as Tier-I capital for the local branches and Rs 685 crore towards equity of the newly formed non-banking finance company.
The total networth of the group entities in India now stands at about Rs 5,700 crore.
The bank's capital adequacy in India at the end of March 2008 was 13.58 per cent as against 10.62 per cent a year ago.
The assets under management and/or advise of the private clients and asset management unit of the group rose by 66 per cent to Rs 19,767 crore ($5 billion). The bank increased its retail banking and credit cards clients in India by 115 per cent to over 5.2 lakh by the end of March 2008.
