Deutsche Bank Punjab IFSC code, MICR code, Address
Deutsche Bank branch details in Punjab
Last Updated 21st Mar 2017
Deutsche Bank has 1 branches in Punjab spread over 1 districts of Amritsar, Barnala, Bhatinda, Faridkot, Fatehgarh Saheb, Fazilka, Firozpur, Gurdaspur, Hosiarpur, Jalandhar, Kapurthala, Ludhiana, Mansa, Moga, Mohali SAS Nagar, Muktsar, Nawanshahr, Pathankot, Patiala, Rupnagar, Sangrur, Tarn Taran.
Ludhiana district, with 1 branches has the largest number of Deutsche Bank branches in Punjab
District wise distribution of Deutsche Bank branches in Punjab is as below. To find branch address, phone, IFSC code, MICR code of the branch that you are looking for, click on the district where the branch is located.
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.
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.
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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