Barclays Bank PLC today inaugurated its first branch in Pune located at Satguru Centre, Mouje Bund Garden Road.
Pune has more than a hundred educational institutes.
It is also emerging as a prominent location for IT and manufacturing companies to expand. Barclays will cater to the needs of leading players in these sectors and also service the needs of diverse range of retail customers, including professionals, salaried individuals and entrepreneurs, a press release issued here said.
With this launch, Barclays Bank PLC now has nine branches across the country (Mumbai, New Delhi, Hyderabad, Junagadh near Rajkot, Kanchipuram near Chennai and Nelamangala near Bengaluru, Ahmednagar in Maharashtra and Rajahmundry in Andhra Pradesh) and over 25 ATMs.
Barclays Bank PLC in India CEO, Mani Subramanian, said, "we are extremely happy to inaugurate this new branch in Pune and further expand our operations in Maharashtra. Barclays Bank PLC is committed to India and this branch is yet another milestone in our efforts to strengthen ties in the country."
Barclays Corporate business has built a strong franchise in India over the past three-and-a-half-years with over 6,00,000 customers, the release said, adding India is one of the growing markets for Barclays PLC globally.
"We are glad to be able to offer customers in the retail and commercial segments in Pune a range of products and services tailor-made to their needs," Barclays Corporate in India, Managing Director & Country Head, Karan Bhagat, said.
"Barclays will offer a host of products and services such as premier banking, home loans, business instalment loans and NRI services through the branch in Pune. We are confident that our global expertise and product suite will meet the needs of our customers in Pune," Director Consumer Banking, Barclays Corporate in India, Suvrat Saigal, said.
In March 2008, Barclays Bank PLC launched Barclays Investments and Loans (India) Limited, a non-banking finance company, popularly known as Barclays Finance, to increase its footprint in the country by offering a range of products and services.
Barclays Finance is present in 13 cities across India.