Barclays considers digital-led relaunch of Indian retail banking

Barclays plc is set to resume its retail and consumer business in India after a seven-year absence.

Citing unnamed sources close to the matter, Bloomberg reported that the bank will rebuild the operation with a new digital platform for Indian consumers.

Barclays terminated the retail business in 2011 to save costs.

According to the report, Barclaycard international CEO Barry Rodrigues would oversee the new platform.

But despite the reports, Barclays’ Mumbai office told Bloomberg via email that there are currently no plans to relaunch retail banking in the country.

Barclays currently has over $1bn (more than £760m) of invested capital in India, the third-biggest economy in Asia.

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