NEWS & ADVICE : PERSONAL LOAN
Barclays may close its small & medium biz in India
By Vaibhav Aggarwal
Jul 21, 2011
Print    Email    RSS   

Foreign lender, Barclays is harboring plans to close down its medium and small business in India. According to sources familiar to the issue, the revenue earned from these sources is not sizeable for the investment banking divisions of the bank.

The bank instead aims to focus on the high class clientele of India like corporates, multinationals as well as financial institutions who can benefit from the product package of the bank and also leverage on its global presence.

Further the bank is also facing competition from domestic peers like HDFC Bank , Kotak Mahindra Bank and Yes Bank.

"Global headquarters are driving global strategies for these banks," said Yes Bank MD Rana Kapoor. "With capital requirements going up, foreign banks will now have to focus more on cost rationalisation," said a spokesperson of the bank.


 


(Comments Posted : 0) Post Your Comments
Show All Comments
COMPARE QUICKLY
 Select a product:
 

CALCULATE QUICKLY
 Select a product:
 

EDITORS' PICKS
A chronicle of excesses by loan recovery...
Some admissible deductions under Income...
Know about Personal loan against fixed...
Managing and emerging out of institutional...
Is the Base Rate system really transparent?


Model Escoℛts Service In Pune 8888IOO484 Caℓℓ...
What is the outstanding Amount for my personal loan
ho many month balance in My Personal loan

NEWS THIS WEEK
LVB bank joined hands with NCML Feb 18, 2015
Syndicate Bank hiring 5000 new staff Feb 12, 2015
SBI donated Rs 8.6 cr as a part of CSR activity Feb 11, 2015
Canara Bank tied up with NHBC Feb 9, 2015
Hiring for Probationary clerks in South Indian Bank Feb 5, 2015
News Archive