Banking entity Barclays India has issued pink slips to 121 employees of its 5,000 strong workforce in the country. “Barclays India regretfully confirms that 121 of its employees from the bank have been relieved from their duties,” a Barclays spokesperson said in an emailed statement on Monday.
Reiterating its commitment to India operations, Barclays India said: “We continue to be fully committed to our long term plans in the country. “As a 300-year-old bank, we take our country investments very seriously. We are fully committed to growing our business in India and fully intend to continue to invest in India — be that in infrastructure or people.”
Barclays India, which is part of British banking giant Barclays Plc, has six entities operating in India employing more than 5,000 people. For the past 30 years Barclays has been operating in India.
Over the past two years, Barclays Bank has invested over £240 million on growing its Retail and Commercial Banking (GRCB) businesses in India.
At present, it provides services to over 9,00,000 clients and customers nationwide. Barclays believes India plays an extremely important rolebuilding and diversifying its emerging markets business.
“Barclays is committed to providing its customers with the best possible standards of service while looking after its shareholder value,” the spokesperson added.
British banking entity Barclays Plc in May reported a 15 per cent jump in first quarter profits at £ 1.37 billion even as the bank incurred substantial write downs during the same period.
Tuesday, June 16, 2009
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