Deutsche Bank is set to boost its headcount in India by more than 3,500 by the end of next year, a tenfold increase on present numbers, as part of a global expansion that has seen the bank hire 900 staff in corporate and investment banking in the last year.

German newspaper Handelsblatt reports Deutsche Bank plans to shift thousands of jobs to India as well as making new hires for its subsidiaries DNETS, DBOI and GMC, according to a leaked report.