According to reports, Deutsche Bank's India retail banking business, involving 17 branches, is being sold along with its 20 percent stake in Chinese group Hua Xia Bank, latter currently valued at 3.3 billion euro.
Reports said exit from Asia is a part of a return to European retail banking, but said the move is yet to get final approval from the bank's management board. The bank's branch operations in the country had delivered a 93 percent surge in its net profit for the year ended March 2015 at Rs 1,406 crore.
For FY15, the bank's profit per employee stood at Rs 79.16 lakh and the capital base was Rs 9,453 crore as of March 31, 2015.
Apart from retail operations, the bank also has a presence in equity broking, asset management, corporate finance, non banking finance company (NBFC) in the country.


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