Barclays Bank PLC India has announced a capital infusion of over ₹2,300 crore (£210 million) into its investment banking and private banking businesses.
The British bank confirmed this on March 18, highlighting its long-term commitment to India’s growing economy.
According to Jaideep Khanna, CEO, Barclays Asia Pacific, and Country CEO, India, “India’s economic potential presents attractive opportunities for Barclays to grow its business. The capital injection enhances our ability to support our clients’ capital needs.”
Notably, this follows a ₹3,000 crore (£300 million) infusion in 2021.
As a result, Barclays’ total invested capital in India now exceeds ₹12,400 crore (£1,100 million).
The fresh funds will help Barclays expand its reach among corporate clients, financial sponsors, and ultra-high-net-worth individuals (UHNWIs).
Furthermore, Barclays has operated in India for nearly 35 years.
It offers financing solutions, M&A advisory, debt capital markets, risk management, and cash and trade services.
Its private banking arm provides investment, lending, and wealth advisory solutions to UHNWIs and family offices.
Commenting on the development, Pramod Kumar, CEO, Barclays Bank PLC India, and Head of Investment Banking, India, said, “The additional capital strengthens our position as a trusted financial partner, especially in high-growth sectors. We remain focused on delivering innovative solutions and helping our clients scale their businesses.”
Meanwhile, this move aligns with Barclays’ broader growth strategy in the Asia Pacific region, where it has operated for over 50 years.
The bank serves corporate and institutional clients across Australia, Hong Kong SAR, Japan, Mainland China, Singapore, and Taiwan.
It connects them to capital markets in the UK, Europe, the US, and APAC.
Lastly, the Barclays Global Service Centre (BGSC) in India continues to support the bank’s global operations with technology, operations, and business solutions.
Also Read: HP Strengthens India Focus With Local Manufacturing And AI Innovation
Union Agriculture and Farmers Welfare Minister Shivraj Singh Chouhan lauded the decision, stating that the…
BMC officials arrived at the studio with hammers in hand around noon. While specific violations…
India's nuclear energy policy has garnered international praise, with Rafael Mariano Grossi, the Director General…
The SC agreed to hear a plea seeking an independent probe into alleged honey trapping…
The Chief Justice of Delhi High Court, Justice DK Upadhyay, ordered immediate suspension of all…
Justice Yashwant Varma of the Delhi High Court has denied claims that burnt currency was…