Barclays Considers a Return to Consumer Banking in India
- U.K. bank is seeking to use digital channels, people say
- Company decided to close retail business in India in 2011
This article is for subscribers only.
Barclays Plc is considering a return to consumer banking in India as it seeks to deploy more of the capital it holds in the South Asian unit, people familiar with the matter said.
The U.K. bank, which decided to pull out of the business in 2011, aims to rebuild the retail banking operation in Asia’s third-largest economy through digital channels this time around, the people said, asking not to be identified because the information isn’t public. Barclaycard International Chief Executive Officer Barry Rodrigues would oversee the platform, which would mobilize deposits and offer loans electronically, the people said.