Total invested by Barclays in Indian operations now over £800m
Barclays (LON:BARC) confirmed on Thursday that it will invest more than £294m in its Indian operations in an effort to expand.
This will bring the total invested by Barclays’ Indian operations to over £800m.
The FTSE 100 bank said the funds would allow it to grow its corporate and investment banking, in addition to its private clients businesses in the country.
“As economic activity gathers momentum, there is increased demand for capital from clients,” said Jaideep Khanna, head of Barclays, Asia Pacific and Country CEO, India.
During H1 of 2021 Barclay’s pos-tax profit came to £4.2bn with around 5% of group income coming from operations outside of Europe and America.
“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” Khanna added.
The Barclays share price is down by 0.42% during the morning session on Thursday.
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