(Reuters) -Germany-based Deutsche Bank AG said on Wednesday that it had infused 51.13 billion rupees ($607.50 million) into its Indian operations to fund growth plans. These funds, along with retained earnings and other statutory components,

Deutsche Bank AG made its largest capital allocation to India in recent years by increasing its regulatory capital 33% to 300 billion rupees ($3.56 billion) from 2023, as it bets on the growth potential of the world’s most populous nation.

This is the largest capital allocation to India in recent years and will be used for expanding across business lines

Deutsche Bank has invested Rs 5,113 crore in its India operations, marking a significant capital boost for corporate and investment banking.

The bank reaffirmed its dedication to fostering India's development, particularly in fields like sustainable finance, digital transformation.

Germany-based Deutsche Bank AG said on Wednesday that it had infused 51.13 billion rupees ($607.50 million) into its Indian operations to fund growth plans.

The bank affirmed its commitment to support India's growth, especially in areas such as digital transformation, sustainable finance, technology and infrastructure development.