BEAMSTART Logo

'India a strategic priority for global banks': Foreign bank heads at BFSI

Business Standard LogoBusiness Standard2w ago

'India a strategic priority for global banks': Foreign bank heads at BFSI - Business Standard

Quick Summary:

Moving forward, Barclays sees India as a key growth opportunity, with plans to strengthen its investment banking operations.

Barclays exited the retail banking space in 2011, acknowledging that the timing and strategy weren’t ideal.“We ultimately decided to step back from retail when liquidity was cheap, and many banks were pursuing aggressive moves without a unique value proposition,” Kumar said.

However, she flagged India’s regulatory requirement for foreign banks to maintain substantial capital buffers at the branch level.“Profitability is essential, and achieving this relies on efficiency and innovation,” she said, expressing hope for more flexibility in regulatory policies to support India’s goal of becoming a $5 trillion economy.


More Pictures

'India a strategic priority for global banks': Foreign bank heads at BFSI - Business Standard (Picture 1)

or

Article Details

Category: BusinessFinance

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-06 @ 17:10:54 (2 weeks ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 747 words

Reading Time: 5 minutes read

Sentences: 25 lines

Sentence Length: 30 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 23446598

View Article Analysis

About Business Standard

Business Standard Logo

Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 161 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 5 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #49

Publisher Details

Frequently Asked Questions

How long will it take to read this news story?

The story "'India a strategic priority for global banks': Foreign bank heads at BFSI" has 747 words across 25 sentences, which will take approximately 4 - 7 minutes for the average person to read.

Which news outlet covered this story?

The story "'India a strategic priority for global banks': Foreign bank heads at BFSI" was covered 2 weeks ago by Business Standard, a news publisher based in India.

How trustworthy is 'Business Standard' news outlet?

Business Standard is a fully independent (privately-owned) news outlet established in 1975 that covers mostly business and finance news.

The outlet is headquartered in India and publishes an average of 161 news stories per day.

It's most recent story was published 5 hours ago.

What do people currently think of this news story?

The sentiment for this story is currently Negative, indicating that people regard this as "bad news".

How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.
  • News ID: #23446598
  • URL: https://beamstart.com/news/india-a-strategic-priority-for-17308944029906

BEAMSTART

BEAMSTART is a global entrepreneurship community, serving as a catalyst for innovation and collaboration. With a mission to empower entrepreneurs, we offer exclusive deals with savings totaling over $1,000,000, curated news, events, and a vast investor database. Through our portal, we aim to foster a supportive ecosystem where like-minded individuals can connect and create opportunities for growth and success.

© Copyright 2024 BEAMSTART. All Rights Reserved.