Barclays sets up first branch in Pune
By Vaibhav Aggarwal
Dec 17, 2010
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British lender, Barclays PLC has set up its first branch in Pune, Maharashtra. The branch is located at Satguru Centre, Mouje Bund Garden Road.

Pune has a vast as well as diverse customer base mainly owing to the large number of educational institutes in the city which attract students from different places. This has been one of the factors why major IT and manufacturing companies are targetting the city as their next hub for expansion.

Barclays would provide its range of product facilities and services to the entire diverse diaspora ranging from retail customers, including professionals, salaried individuals and entrepreneurs.

The new branch has taken the branch count of the Indian operations of the bank to 9 (Mumbai, New Delhi, Hyderabad, Junagadh near Rajkot, Kanchipuram near Chennai and Nelamangala near Bengaluru, Ahmednagar in Maharashtra and Rajahmundry in Andhra Pradesh). It has more 25 ATMs in its ATM network.

Barclays Bank PLC in India CEO, Mani Subramanian, said, "we are extremely happy to inaugurate this new branch in Pune and further expand our operations in Maharashtra. Barclays Bank PLC is committed to India and this branch is yet another milestone in our efforts to strengthen ties in the country."

"We are glad to be able to offer customers in the retail and commercial segments in Pune a range of products and services tailor-made to their needs," Barclays Corporate in India, Managing Director & Country Head, Karan Bhagat, said.

"Barclays will offer a host of products and services such as premier banking, home loans, business instalment loans and NRI services through the branch in Pune. We are confident that our global expertise and product suite will meet the needs of our customers in Pune," Director Consumer Banking, Barclays Corporate in India, Suvrat Saigal, said.





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