Mumbai: Barclays Bank has invested RS 3,000 Crore Capital to expand its Indian operations.
This is the biggest single infusion made since the beginning – the last big investment is Rs 540 Crore in 2009-10.
With this investment, Bank Bank capital deployed in this country has increased to Rs 8,300 Crore.
“We have ambitious growth aspirations, and investment will help accelerate it because we see to take advantage of the interesting opportunities offered by the current situation,” said Jaideep Khanna, Head of the CEO of the Barclaysia-Pacific and Country CEO.
“As an economic activity collecting momentum, there is an increase in capital demand from clients.
We are well placed to support their goals and remain committed to working with them,” Khanna added.
According to a spokesman, the money is for the growth of investment banks companies and business management of wealth.
British banks have four branches and attendance in six cities.
As part of the expansion plan in this country, Barclays Bank PLC also inaugurated international banking units (mother) at Ciday City in Gujarat in February this year.
A spokesman added that 55% leaps at the bottom of the capital would enable lenders to significantly expand their exposure to Indian clients.
RIBI rules face bank exposure to one borrower, business groups and capital markets by 20%, 25% and 40% of their capital.
In 2019, the RBI came out with a large exposure framework, which made it difficult for foreign banks to have a back-to-back setting with their head office for exposure in India because it was also under the ceiling.
Barclays Pumps RS 3,000 Crore in India to expand business
