Deutsche Bank's India branches posted a profit after tax of Rs 630 crore for the year ended March 31, 2011, an increase of 41 per cent over Rs 446 crore in the 2009-10 fiscal.
According to a press release issued by the bank, total income increased 19 per cent to Rs 2,861 crore (Rs 2,396 crore).
Interest income increased to Rs 1,880 crore (Rs 1,579 crore) and non-interest income rose to Rs 980 crore (Rs 817 crore).
Announcing the results, Mr Gunit Chadha, Chief Executive Officer, Deutsche Bank India, said, “Our corporate and investment banking businesses have achieved market-leading positions in several verticals like equity capital markets, debt capital markets, customer foreign exchange and transaction banking.”
Capital infusion
During the year, Deutsche Bank infused over Rs 330 crore into its India operations, taking the capital base to over Rs 5,500 crore. This makes it one of the highest capitalised foreign banks in the country, the release said.
Advances increased 15 per cent to Rs 14,294 crore (Rs 12,923 crore), while deposits were marginally lower at Rs 14,646 crore (Rs 14,693 crore).
Capital adequacy ratio stood at 15 per cent as at March 31, 2011.
Gross non-performing assets as a proportion of gross advances decreased to 1.24 per cent (1.99 per cent), while net NPA as a proportion of net advances decreased to 0.23 per cent (0.79 per cent).