Financial Daily from THE HINDU group of publications
Tuesday, Dec 13, 2005
Financial Daily from THE HINDU group of publications Tuesday, Dec 13, 2005 |
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Marketing
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Strategy Money & Banking - Foreign Banks Deutsche Bank plans to tap the affluent sector Our Bureau
Kolkata , Dec. 12 DEUTSCHE Bank, which has recently flagged off retail services in India, has proposed to tap the affluent market through a number of products and services, including salary overdrafts and loans. The bank, which plans to add Delhi, Gurgaon and Noida to its retail network, will offer financial planning and advisory services for customers who intend to manage their resources in a structured manner. Deutsche Bank, said Mr Ajay Bimbhet, Head of Retail Banking, will try to leverage its global resources, especially for its corporate and investment banking activities. Customers will have access to the bank's owned and shared ATMs, phone banking and net banking channels. Operations have already commenced in cities such as Mumbai, Chennai and Bangalore; Kolkata was added to the list on Monday. The bank, which has a Rs 10,000-crore balance sheet, will try to offer a `comprehensive' suite of products for the retail client. These will include current and savings accounts, loans and various investment products, including select mutual funds and insurance.
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