Barlcays Bank is shifting 140 job locations in Northampton, UK, to India.

The act by the bank has been due to the stricter banking regulations and taxes imposed on banks by the the new Conservative-Liberal Democrat coalition.

Chief Executive of Barclays, John Varley said that London would be shattered by imposing such heavy taxes on banks.

The bank had withstood the economic slowdown in a much better way than others like Royal Bank of Scotland and Lloyds. It aims to considerably reduce outgoings. "Clearly there are some cost savings involved, but our main driving force is to create a global centre of excellence in India," Vikki Williams, head of Card Fraud Operations said.

The bank has already been expanding in India and has recently launched the NRI banking service for residents outside India.

The bank had recently laid off 450 employees in India.

The task of collecting dues will be done by call centres in India.