Barclays Plc to expand operations in India

Barclays Plc to expand operations in India

India continues to attract new investments from global giants. Britain’s third largest bank Barclays Plc has now said that they see India as a good market to invest and they would be expanding their operations in this market.

The company is planning a big leap in investments and nearly four-fold jump in employee strength for its retail and corporate banking business in India.

Barclays Plc is already present in investment banking business here and is now planning to offer full service commercial banking operations in the country. This was confirmed in a statement by Barclays Capital Asia Chairman and CEO Robert Morrice.

He said in a statement that the bank would operate from the existing Barclays branch in Mumbai and it plans to open more branches at other locations in the country.

They are currently waiting for regulatory approval for opening further corporate banking branches in the country.