Deutsche Bank India Branches Report 48% jump in net profit for FY21

Deutsche Bank India Branches report a jump for FY21

German Lender Deutsche Bank AG’s Indian branches have reported a 48% jump in FY21 net profit around Rs 1,527 crore, due to the rising revenues and cost control. The bank had reported a net profit of Rs 1,031 in the previous year period.

The net revenues of FY21 came at Rs 5,537 crore, which was around 23% over FY20’s Rs 4,510 crore because of the consistent performance across all the businesses in India. Deutsche Bank India Branches Report 48% jump in net profit for FY21

Its Indian Chief executive Kaushik Shaparia termed this 2021 financial year a hugely challenging one but also added that staying close to clients and supporting them with their liquidity helped the Bank’s performance.

Despite the impact of the pandemic, our asset quality continues to be strong with a non-performing asset ratio of 0.86% compared to 1.31% last year.

In the 2021 Financial year, Deutsche Bank increased the capital in its Indian branches by Rs 3,326 crore to support growth, taking the total capital deployed to 19,345 crores.

The capital Adequacy Ratio of the bank as of March 2021 was at 17.28%, an increase of 14.93% over the March 2020 level.

There was an increase of 7% ( from 1,21,244 crore to 1,29,430 crore) in total assets during the year, it said, adding the advances in FY21 were up 3% at Rs 52,438 crore.

The total deposits in FY21 increased from Rs 59,910 crore in FY20 to Rs 66,224 crore. The Cost to income ratio improved to 42% from the 44% last financial year, it said adding that profit per employee increased around 44%.

NEED A LOAN?

I have read the Privacy Policy & Agree to Terms & Conditions and authorize Dialabank & its partner institutions to Call or SMS me with reference to my application.


Latest News

Menu