According to Futubull finance app, Deutsche Bank (DB.US) has made its largest capital allocation to India in recent years, increasing its regulatory capital by 33% to 300 billion rupees (equivalent to 3.56 billion dollars) from 2023, as it is bullish on the growth potential of the most populous country in the world.

According to a statement, the German bank has injected 51.13 billion rupees into its Indian subsidiary to expand its corporate banking, investment banking, and private banking businesses.

Regulatory capital is the capital that banks must hold in their balance sheets to comply with regulations.

Kaushik Shaparia, CEO of Deutsche Bank Group's Indian branch, said: "This capital increase strongly demonstrates our confidence in India's business model and potential."

Deutsche Bank has doubled its capital investment in India over the past decade, hoping to benefit from digital transformation, sustainable finance, technology, and infrastructure development.

Deutsche Bank has improved its ranking in arranging rupee bond deals for Indian companies, rising from 39th place last year to 17th place. The bank was one of the arrangers of the largest private credit deal last year, helping Shapoorji Pallonji group's Goswami Infratech Pvt. raise 143 billion rupees (equivalent to 1.7 billion dollars).

In recent years, the competition among foreign banks in India has intensified, with Mitsubishi UFJ Financial Group and Sumitomo Mitsui Financial Group and other Japanese banks becoming the main underwriters for offshore loans in India. HSBC Holdings is doubling down on expanding its business in India, while Standard Chartered Bank is adjusting its global strategy to attract wealthy clients for its wealth management business in India.