Barclays Bank PLC, today, inaugurated its first branch in Rajahmundry in Andhra Pradesh. The branch was inaugurated by Mani Subramanian, CEO, Barclays Bank PLC in India, Karan Bhagat, Managing Director and Country Head, Barclays Corporate in India and Suvrat Saigal, Director Consumer Banking, Barclays Corporate in India. Barclays Bank PLC is the first multinational bank to open its doors and offer customers a complete range of products and services in Rajahmundry.
Mani Subramanian, CEO, Barclays Bank PLC in India said, “We are extremely happy to inaugurate this new branch in Rajahmundry, especially as the first foreign bank to offer world class banking services. Barclays Bank PLC is committed to India and this branch is yet another milestone in our efforts to strengthen ties with the country.”
The new branch is located at Samhitha Complex, Ground Floor, D.No: 46-18-10, Main Road, Danavaipet, Rajahmundry – 533103.
Speaking on the occasion, Karan Bhagat, Managing Director & Country Head, Barclays Corporate in India, said, “I am delighted to inaugurate our branch in Rajahmundry. The opening of our branch in Rajahmundry marks a significant milestone in the history of Barclays in India and further reinforces our commitment to the country. Rajahmundry is home to some of the finest organizations in the textiles sector. We are glad to be able to offer discerning customers in the retail and commercial segments a bouquet of products and services that are in sync with their needs.”
Rajahmundry is famous for its textile business and has the second biggest cloth market in India, next only to Mumbai. Rajahmundry plays host to a large Industrial sector as well as multinational and Indian corporates. Barclays Corporate will cater to the needs of leading players in these sectors and also service the needs of a diverse range of retail customers including professionals, salaried individuals as well as entrepreneurs.
Suvrat Saigal, Director Consumer Banking, Barclays Corporate in India said, “Barclays is committed to setting new standards in banking wherever it operates. This is a promise we wish to live up to in Rajahmundry as well. We are extremely glad to be here and look forward to being of service to everyone. We are confident that our global expertise and product suite will meet the needs of our customers in Rajahmundry.”
Barclays will offer its loan portfolio including Loan Against Property (LAP). Barclays customers will also enjoy Net Banking, Mobile Banking through the Barclays Hello Money service, Sweep Deposit account that enables customers to enjoy the flexibility and convenience of a savings account along with offering superior interest rates of a Term Deposit, a suite of credit and debit card offerings, bancassurance products, amongst a host of other products and services.
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With this launch, Barclays Bank PLC now has eight branches across the country (Mumbai, New Delhi, Hyderabad, Junagadh near Rajkot, Kanchipuram near Chennai and Nelamangala near Bengaluru and Ahmednagar in Maharashtra) and 17 ATMs. Barclays Plc also launched Barclays Finance, a non banking finance company in March 2008, to bolster its footprint in the country by offering a range of products and services. Barclays Finance is present in 13 cities across India.
Barclays Corporate business has built a strong franchise in India over the past three and a half years with over 600,000 clients and customers. Barclays continues to demonstrate its commitment to the country through the provision of investment banking services via Barclays Capital; corporate and retail banking services through Barclays Corporate; wealth management via Barclays Wealth; and through Barclays Finance and specialist technology and BPO centres of excellence. India is one of the leading markets for Barclays PLC globally.
About Barclays:
Barclays is a major global financial services provider engaged in retail and commercial banking, credit cards, investment banking, wealth management and investment management services, with an extensive international presence in Europe, the USA, Africa and Asia.
With over 300 years of history and expertise in banking, Barclays operates in over 50 countries and employs over 140,000 people. Barclays moves, lends, invests and protects money for over 49 million customers and clients worldwide.
For further information about Barclays, please visit our website www.barclays.com