Foreign Lenders, Barclays Bank Plc India on August 26 said they would instill more than Rs 3,000 Crore in India to increase its local growth. With this infusion, the total capital invested in this country will increase to more than 8,300 crore Rs, the bank said in the release.
Expansion in Tier 1 Capital strengthens barclays commitments to India, and will enable further growth from banking businesses & banking bank investments and private bank clients, bank said.
Over the years, barclays have built a leading business market in this country in the financing business, advisers and risk management in investment banks, corporate banking including cash management and trade finance, and significant growth of the personal client business.
“Capital infusion in the bank reflects the success and record of a strong trace of our Indian franchise which was built over the past three decades. We have ambitious growth aspirations, and investment will help accelerate that when we see to take advantage of the interesting opportunities offered by the current situation, “Jaideep Khanna said, Barclays head, Asia Pacific and CEO of the country, India.
“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. Barclays are currently ranked first at the DCM league table among all banks in India with a market share of 14.3% to date.