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Deutsche to scale up retial

Deutsche Bank is planning to ramp up its retail operations in India by increasing home loans and SME loans. According to Ravneet Gill, CEO, Deutsche Bank India, the bank is keen to invest more in these two verticals. The bank’s retail operations form a small part and it has to ramp up the business quite significantly in order to build on our two pillars – mortgage and business banking, said Gill. The bank has 17 branches in India, though it is the smalleest of the four foreign banks in the country. Retail business, including loans to SMEs constitute just 15% of the bank’s total assets currently, dwarfed by its large corporate exposure which corners 85% of assets.

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