Skip to content
Subscriber Only

Deutsche Bank, Reeling From Global Job Cuts, Hires in India

  • German lender to hire for its only retail bank outside Europe
  • Plan to sell India retail, wealth operations abandoned
Daily Life In Delhi, India

Photographer: Nasir Kachroo/NurPhoto via Getty Images

Updated on

Deutsche Bank AG’s only retail banking franchise outside Europe is getting more investment, amid sweeping cost cuts and restructuring taking place elsewhere at the German lender.

After receiving a 470 million euro ($520 million) capital injection earlier this year, Deutsche Bank’s Indian operation is set to hire about 140 people and boost its retail banking and wealth management operations.