"A 6-6.5 per cent growth is attainable for India. But what is important is to sustain that growth... India is a key and profitable market for us," Deutsche Bank AG Asia Pacific CEO, Kenneth C Borda said in New Delhi on Monday.
The German bank is not averse to acquiring private banks in India to increase its retail portfolio and reach, after the government allows 74 per cent foreign direct investment in the sector and raise the voting rights for foreign players.
"We are watching the situation and government policies... If we look at a retail platform outside our home markets, it will be in India," Borda said hinting that the bank was open to mergers and acquisitions as a part of its inorganic growth, when the laws of the land becomes favourable.
As a part of its organic growth, Deutsche Bank plans to invest $50 million in setting up a holding company for the asset management company, equity broking and outsourcing arms of India, the bank's country head Gunit Chadha said.
The bank has obtained permission from the foreign investment promotion board for setting up the holding company, he said.
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