Barclays infuses $256 million into India operations

British lender Barclays on Tuesday announced a capital injection of over Rs2,300 crore ($256 million) in its India arm to support its operations in the country and expansion across investment banking and private banking services.

The additional capital will help Barclays improve its services for businesses, financial sponsors, and individuals with ultra-high net worth, the bank said. The latest funds infusion comes after a 2021 investment of over Rs3,000 crore.

With this new investment, Barclays’ total capital in India will add up to more than Rs12,400 crore.

“India’s economic potential continues to present attractive opportunities for Barclays to grow its business. The capital injection reaffirms our commitment to India as a strategically important location for the bank and enhances our ability to support our clients’ capital needs,” said Jaideep Khanna, chief executive officer (CEO), Barclays Asia Pacific, and interim head of markets, Asia Pacific.

Barclays has been operating in India for nearly 35 years, offering services such as bespoke financing solutions, mergers and acquisitions advisory, debt capital markets, risk management, cash and trade solutions, and working capital management.

The bank also provides investment, lending, and wealth advisory services to ultra-high-net-worth individuals and family offices.

Pramod Kumar, CEO, Barclays Bank PLC India, and head of investment Banking India, said, “The additional capital allows us to further strengthen our position as a trusted financial partner to our clients, particularly in sectors where we see significant growth opportunities in India. We remain focused on delivering innovative solutions and helping our clients grow their business.”