2017-06-06 :Deutsche Bank partners with CDB to support B&R initiative of China
Deutsche Bank has announced its partnership with China Development Bank to support B&R initiative of China. The following move taken by them aims at extending support to those who promotes B&R initiative, which is China’s one belt, one road infrastructure initiative.
2017-03-18 :Deutsche Bank considering sale of Indian retail business
Deutsche Bank is planning to sell its retail business of India. The bank plans to utilize the sale proceeds for expanding its capital base. Deutsche Bank had sold part of its mortgage business in India in 2010 and a small unit of asset management in 2015. The bank has total assets of Rs. 693 billion and earned a profit of Rs. 23 billion for the year ending March 2017.
2016-11-30 :Deutsche Bank reduces fixed deposit rates up to 75 basis points
Deutsche Bank has reduced its fixed deposit rates up to one year tenure by 25 to 75 basis points. The rate for 8 to 45 days fixed deposits has been reduced to 4.5 percent. Similarly, fixed deposit rates for 6 months and one year deposits now stands at 5.75 and 6 percent respectively. New rates are effective from 28th November, 2016.
2016-11-08 :Deutsche Bank cuts its MCLR by 25 basis points from 7th November, 2016
Deutsche Bank has reduced its one year marginal cost based lending rate (MCLR Base Rate) by 25 basis points to 8.90 percent. The minimum overnight lending rate is cut to 7.95 percent from 8.20 percent. One month and six month lending rates are reduced to 8.40 percent and 8.65 percent respectively. The revised lending rates are effective from 7th November, 2016.
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