Barclays Will Invest More Than 400 Million U.S. Dollars To Expand Its Business In India.
Barclays said the investment will help its corporate and investment banking business and the development of its private client business in the country.
The British bank said on Thursday that Barclays Bank will invest more than 3 billion rupees or US$403.9 million in its Indian subsidiary to expand its business.
The largest economy will grow to over 830 billion rupees.
Barclays stated that this investment will contribute to the development of its corporate and investment banking business and private client business in the country.
“As economic activity picks up, customers’ demand for capital increases,” said Jaideep Khanna, director of Barclays Bank and CEO of Asia Pacific and India.
Barclays Bank Plc opened an international bank branch in GIFT City, Gujarat in February.
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