Royal Bank of Scotland to enhance presence in India

British banking giant Royal Bank of Scotland has announced their plans to expand their presence in the Indian market.

The company faces competition from their compatriot rival Barclay’s in this new market where they plan to double its India headcount to about 1,000 employees by the end of this year.

RBS already has a development center located in Gurgaon with around 600 employees.

RBS India Development Center Managing Director Gary Strain said in a statement: “We have a robust long-term India strategy. We would be doubling headcount to about 1,000 people by year end. India has a world-class IT talent base and we would like to leverage this opportunity.”

He added: “The roles (at India center) are truly global and talent gets groomed to operate in a global environment. This coupled with a very strong people development agenda positions us uniquely in the market.”