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The Silicon Review Asia

Barclays Announces over $400 million for its operation in India

Barclays Announces over $400 million for its operation in India

Barclays is going to invest $400+ million in its Indian arm

Barclays has announced that it will be pumping in $400+ million (Rs. 3,000 crore) for its growth in India. This investment from the multinational banking behemoth will be targeting the bank's corporate and investment banking and private clients businesses.

With this investment Barclays' total investment capital in India will increase to Rs. 8,300 crore. The bank is clearly enamored by the potential in the country. It has built a splendid presence in the country where it offers best-in-class financing, advisory and risk management businesses within the Investment Bank, the entire suite of Corporate Banking capabilities, including cash management and trade finance.

“The capital infusion in the Bank reflects the success and strong track record of our India franchise built over the last three decades. We have ambitious growth aspirations, and the investment will help accelerate that as we look to leverage the attractive opportunities that the present situation offers,” said Jaideep Khanna, Head of Barclays, Asia Pacific and Country CEO, India.

Barclays was named as the Best Bond House in India by the IFR Asia Awards in 2019 for its dominance in debt capital markets and recognized by the industry for its ability to deliver offshore financings for a wide range of clients. The bank's Corporate Banking franchise has also been recently recognized with five awards in The Asset Triple A Treasury, Trade, SSC (Sustainable Supply Chain) and Risk Management Awards 2021 in India.

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