One of the major foreign banks in India, Deutsche Bank has announced that it is finishing off its contract with Infosys BPO. It is also shifting its back-office work from this company and starting its own captive unit to do its work.

The new unit will be established in Bangalore. These services include many critical processes that are present in the field of trade and derivatives that deal directly with the clients.

Name of the new unit will be Deutsche Network Services in Whitefield.

As of now, there are going to be 150 people who will be working on this process. In Infosys, there were 500 people that were assigned for the single account.

The other core processes will remain with Infosys. After the announcement, an official communique was sent to 150 employees and they were given an option to either leave or join Deutsche Network Services at a higher package.

In the statement it was said that the salary difference will be different for different people but on an overall basis it is close to 50 per cent more.