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.

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

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

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.