your password has been reset successfully, Please login again.

Ignoramus Equity Infusion Done In India By Deutsche Bank

German bank and financial services company, Deutsche bank makes the largest infusion in the country until now.
BY BEx Bureau
BusinessEx
Feb 11, 2019

Deutsche Bank, a German multinational investment bank and financial services company, sees a bigger future in the country. The company has endowed money in digital technologies to increment its retail operations and plus, earn twofold revenue. After the move, the bank has turned into a sole-largest equity infusion in the country. In December 2018, the company had invested 500 million in the Indian market, which was the second infusion, aggregating investment to 1.9 billion, mentioned by Werner Steinmueller.

Steinmueller, CEO of Deutsche Bank, said: This capital infusion signals our commitment to a very important market and will be used to expand our businesses in India. At the moment, the bank is actively searching for the new CEO for India division. The former CEO, Ravneet Gill resigned and currently, serving as CEO of Yes Bank. (Source: ET news)

Earlier on, the company had decided to sell off its retail business in the country. However, the plan has now changed as confirmed by Steinmueller. He added, We considered repositioning our retail business, but in the end, we came to a different conclusion and decided to keep it. The decision was made last year. (Source: ET news)

In the country, the companys retail business includes lending money to wealth management as well as individuals.

Please add your Comment
SIMILAR News
July 19, 2019
The companies said in a statement, “they have also reached an agreement that will make eBay inventor ...More
By Jaspreet Kaur
July 18, 2019
Software company, Ebix Inc. proclaimed to have signed a concord to buy Yatra Online Inc. in a transa ...More
By Jaspreet Kaur
July 18, 2019
Delhi-based Procol will use the funding to scale its procurement platform and begin deploying other ...More
By Jaspreet Kaur
July 17, 2019
As per the concord, Cipla will invest around INR 164 crore in the joint venture for 4 years, said th ...More
By Jaspreet Kaur
July 17, 2019
Valberg has made INR 3 crore investment in the agri-marketing company, which is a part of $90 millio ...More
By Jaspreet Kaur
July 16, 2019
The VC firm, Unicorn will search for startup companies in various sectors like fin-tech, robotics, g ...More
By Jaspreet Kaur
July 16, 2019
Ecozen essentially creates products which are targeted at farmers in order to help them grow yields, ...More
By Jaspreet Kaur
July 11, 2019
The company manufactures and sells menswear clothing online; It performs the entire manufacturing an ...More
By Jaspreet Kaur
July 11, 2019
In the previous year, Ezyhaul made its foray in India by receiving investment $5 million in Series A ...More
By Jaspreet Kaur
July 10, 2019
The company will use the funds to boost its data capabilities by leveraging artificial intelligence ...More
By Jaspreet Kaur
July 10, 2019
Existing investors, Horizons Ventures and JS Capital also took part in the round, NiYO said in its s ...More
By Jaspreet Kaur
July 09, 2019
The acquisition comes after PayNearby was granted an insurance broking licence by the Insurance Regu ...More
By Jaspreet Kaur