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Home » Foreign Banks in India » Barclays Bank India | |||||||||||||||||
Barclays Bank |
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Barclays opened its doors to commercial customers in November 2006 and today has a roster of over 2000 clients. Barclays Corporate, India is focussed on servicing the needs of large Indian corporate, the corporate in the SME sector, and Indian companies looking to grow overseas. Barclays offers its clients a broad spectrum of services including loans, deposits, payments & cash management services, trade finance and treasury solutions. |
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The consumer
banking division, launched in May 2007, offers primarily mass affluent
customers a growing suite of products and services. These include arguably
the best Premier services offering in the country, with products ranging
from secured and unsecured lending to cash management investment products
and insurance. Barclays Corporate also offers ‘Hello Money’, a revolutionary
mobile banking service that combines technology and convenience. |
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Barclays Corporate in India currently has a network of over 50 distribution points through its network of branches and Barclays Finance outlets across the country. Foreign Banks in India always brought an explanation about the prompt services to customers. After the set up foreign banks in India, the banking sector in India also become competitive and accretive. New rules announced by the Reserve Bank of India (RBI) for the foreign banks in India in Budget 2009 has put up great hopes among foreign banks which allows them to grow unfettered. Now foreign banks in India are permitted to set up local subsidiaries. The policy conveys that foreign banks in India may not acquire Indian ones (except for weak banks identified by the RBI, on its terms) and their Indian subsidiaries will not be able to open branches freely. Please see the list of Foreign banks in India till date.
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