Business is booming for Deutsche Bank-India, as they reported a 77 per cent increase in net profit for the year 2007-08. The profit has grown from Rs 218.22 crore in 2006-07 to Rs 386.11 crore for 2007-08.

The bank's total income also rose 51 per cent, up from Rs 1,625.37 crore in the year ended March 2007 to Rs 2,461.71 crore for year ending March 2008. The total assets jumped 40 per cent to Rs 24,713 crore from Rs 17,715 crore in the previous year. Its net interest margin (NIM) increased to 3.8 per cent from 2.9 per cent. Net Interest Margin (NIM) is a measurement of the difference between the interest of the income generated by banks or other financial institutions and the amount of interest paid out to their lenders (for example, deposits).

Ecstatic over the news, Gunit Chadha, managing director and chief executive officer of Deutsche Bank India, said that the bank’s performance reflected the robust growth momentum of its business franchises.

The good news for the bank continues to increase as the advances also rose 81 percent for the German bank's Indian operations to Rs 8,960 crore from Rs 4,945 crore in the previous year. The deposits surged by 97 per cent to Rs 13,755 crore as against Rs 6,978 crore. The total investments grew 64 per cent to Rs 10,171 crore against Rs 6,204 crore during the period. Even with all these numbers, the net non-performing assets (NPAs) continued to be negligible at 0.22 per cent.

During the year 2007-08, Deutsche Bank Group infused Rs 2,095 crore as Tier-I capital for the local branches and Rs 685 crore towards equity of the newly formed non-banking finance company into the country, totaling Rs 2,780 crore of fresh capital.