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.
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