Regulatory hurdles for foreign banks in India

Mumbai: German lender Deutsche Bank will be focussing on the digital channel over the branch model to grow its business in India, a top official said. Changes in rules by the RBI mandating geographical location restrictions, while onboarding customers will be of help, said Kaushik Shaparia, Chief Executive of Deutsche Bank Group, India.

“If the regulator were to permit digital access over and above the geographical restrictions, I am convinced we can do more. Currently, there are restrictions as to where you can onboard clients, where your locations are, and the customer has to have an office near one of your locations etc,” he said on the sidelines of a bank event here.