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Deutsche Bank further solidifies Indian presence

17th July 2007
By Julia Chan

German financial services giant Deutsche Bank has further enhanced its footprint in India with the launch of its ninth branch in the country in Aurangabad. This represents the bank's third branch in western India, with the other two located in Mumbai.

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The Aurangabad branch will offer the full suite of personal and business banking products and services to customers, and is equipped with a 24-hour ATM facility.

Gunit Chadha, managing director and CEO of Deutsche Bank India, said: "Aurangabad is one of the fastest growing manufacturing centers in western India and we will offer appropriate solutions to meet the increasingly sophisticated financial needs of corporates and individual clients based here."

"Aurangabad's growing importance as a manufacturing centre has significantly increased the number of affluent individuals in this city. Our focus on a unique advisory-based approach centered on sophisticated financial planning is aimed at meeting the financial goals and aspirations of these individuals," added Ajay Bimbhet, head of private and business clients at Deutsche Bank India.

The bank's private and business banking division offers a wide range of products and services, from insurance and investments, to credit cards and loans. With a strong focus on advisory banking, Deutsche Bank provides an integrated financial planning process to customers, enabling them to optimize their financial and investment decisions.

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