London: British lender Barclays announced on Tuesday a fresh injection of Rs 2,300 crore into India operations, reaffirming its long-term commitment to one of the world’s fastest-growing economies. The move, originating from the bank’s head office, is set to strengthen Barclays Bank PLC India’s balance sheet and spur growth across its investment and private banking segments mentioned by Business Standard.
According to the bank’s statement, the capital boost will facilitate an expansion of its services to a broader client base—including corporate entities, financial sponsors, and ultra-high-net-worth individuals. This latest funding comes on the heels of a previous Rs 3,000 crore infusion in 2021, bringing Barclays’ total invested capital in India to over Rs 12,400 crore.
Jaideep Khanna, Barclays’ interim head of markets for Asia Pacific and country chief executive for India, emphasised, “India’s economic potential continues to present attractive opportunities for Barclays to grow its business.”
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With a presence in India spanning more than 25 years, Barclays offers a wide range of services, including financing solutions, mergers and acquisitions advisory, debt capital markets, risk management, and comprehensive cash, trade, and working capital solutions. The bank also provides tailored investment, lending, and wealth advisory services to ultra-high-net-worth individuals and family offices.
This strategic capital infusion not only reinforces Barclays' commitment to India but also positions the bank to leverage the country’s dynamic economic landscape for future growth.
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