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Barclays Gets Help From Post Office With India Cash Management

  • Tie-up with India Post gives bank access to 8,000 branches
  • Moved up rankings for cash management in Greenwich survey
India Post branch in Mumbai.
India Post branch in Mumbai.Photographer: Dhiraj Singh/Bloomberg

Barclays Plc’s attempts to scale up its cash management business in India via a tie-up with the country’s post office are starting to bear fruit, according to the U.K. bank’s local corporate banking head.

The deal with the 164-year-old mail service, first agreed in 2015, allows Barclays to offer its cash management services via some 8,000 postal branches spread out across the country. That’s vital for winning business from large Indian and global companies, which often have operations in many different cities.