Deutsche Bank is Expanding Operations in GIFT City
Deutsche Bank is expanding business in GIFT City, Gujarat in IndiaSeptember 20th, 2022
Deutsche Bank has a long history in India. The first office in the country was created 1980 and has since expanded into 17 branches in 16 cities.
They have nearly 13,000 people employed at their various businesses and global capability centres. Among the bank’s services in India, the banking is the largest, and the largest among all of the DB’s activities in the Asia-Pacific region. Deutsche Bank has, in recent years, gained significant market share in investment banking, wealth management and retail banking. As a response to this, the bank has expanded its operations in India. Deutsche Bank has three main client-centric divisions: the Corporate Bank, Investment Bank and Private Bank.
Deutsche Bank acts to make communities prosper, which is proved in India by the bank acting on the global corporate social responsibility. Through this responsibility the bank has incentivised the improvement of Indian societies. It is currently involved in local concerns through the pillars of Born to Be, Made for Good and In the Community. The bank works with like-minded partners to achieve some improvement for the society. Employees also play an active role in transforming communities through the Plus You programme. The bank has achieved in creating opportunities for children to go to school and access to food and healthcare. It has also invested money in women’s entrepreneurships.
Deutsche Bank is also a sponsor of culture and heritage by purchasing mainly works in paper, with the focus on purchasing from young and emerging talents, thereby investing in them. Deutsche Bank has also led a heritage conservation project for the restoration and maintenance of the former Tata Palace in Mumbai which now serves as the Bank’s office in the city.
The expansion into GIFT City, Gujarat is in operations in the IFSC Banking Unit, and will serve as a platform for international business. The International Finance Service Centre is India’s first international service centre for finance and is built to be on par with other leading financial centres in the world.