Deutsche Bank today announced the start of its business process outsourcing (BPO) operations in India with the launch of Deutsche Network Services Pvt Ltd here for payment and cash management processing.
The 50-member centre has initially started processing US dollar transactions taking place around the world.
This will be followed in a couple of weeks by euro transactions and late those designated in pound sterling, according to Wolfgang Gaertner, managing director and chief information officer of global transactions bank IT/operations.
More and more work will be passed on to the centre over time and the staff strength is likely to go several times by the end of next year.
This outsourcing will enable the bank to price its products competitively and meet the highest level of client expectations.
