Barclays expands in Andhra Pradesh

Inaugurates Hyderabad Branch

Barclays Global Retail Banking (GRB), today, inaugurated its first branch in Hyderabad, the capital city and commercial hub of Andhra Pradesh. The new branch is located in the center of the city at 8/2/686/B/6/A (Ground floor), Road Number 12, Banjara Hills, Hyderabad 500034.

With the new branch launch, Barclays now has seven branches across the country located in Mumbai, New Delhi, Junagadh (near Rajkot), Kanchipuram (near Chennai), Nelamangala (near Bengaluru) and Ahmednagar in Maharashtra.

Speaking on the occasion, Ram Gopal, Interim Managing Director – India, Barclays Global Retail Bank, said, “The opening of our branch in Hyderabad marks a significant milestone in the history of Barclays in India and further reinforces our commitment to the country. We are sure that our global expertise, world class product offerings and superior services, will meet the needs of discerning corporate and retail Hyderabad customers. We are very proud to be here and look forward to becoming the banking partner of choice of the people living here.”

Barclays currently has very attractive offerings for its customers, across categories. This includes a special, Barclays ‘Term Deposit’ promotion, which offers retail customers 6% per annum interest on their term deposits for a 99 days tenor.

Customers in Hyderabad will also be able to avail of Barclays Premier, one of the best Premier services offering in the country. Barclays will also offer its loan portfolio including its first-of-a-kind ‘Drop Down Feature’ which rewards customers who pay their EMIs on time to benefit from a lower interest rate. Barclays will also soon launch its mortgage products in Hyderabad.

Suvrat Saigal, Consumer Banking Director, Barclays Global Retail Bank, India on the launch said, “Barclays is committed to setting new standards in banking wherever it operates across the globe. This is a promise we wish to live up to in Hyderabad as well, which over the past decade, has become one of the most sought after corporate destinations in the country. We are extremely glad to be here and look forward to being of service to everyone here.”

Barclays customers will also enjoy other facilities including Net Banking, Mobile Banking through the Barclays Hello Money service, a suite of Credit Cards and a comprehensive range of cards, bancassurance products, amongst a host of other products and services. Additionally, this branch will also offer customers a safe deposit locker facility.

Barclays GRB business has built a strong franchise in India over the past three years with over 900,000 clients and customers. Barclays continues to be committed to India through its six Barclays entities including Global Retail Bank, Barclays Capital, Barclays Wealth and specialist technology and BPO centres of excellence. India is one of the leading markets for Barclays Bank Plc.

About Barclays Global Retail Banking
Barclays Global Retail Banking (GRB) encompasses all of Barclays retail banking businesses around the world. Operating in 26 countries, Barclays GRB comprises UK Retail Banking, Barclaycard, and the retail banking and card businesses in Western Europe and Emerging Markets. Barclays GRB serves 38 million customers around the globe through a network of more than 3,700 distribution points.

To find out more about the individual Barclays GRB businesses, please visit our website: www.barclays.com.

About Barclays
Barclays is a major global financial services provider engaged in retail and commercial banking, credit cards, investment banking, wealth management and investment management services, with an extensive international presence in Europe, the USA, Africa and Asia.

With over 300 years of history and expertise in banking, Barclays operates in over 50 countries and employs over 140,000 people.

Barclays moves, lends, invests and protects money for over 49 million customers and clients worldwide.

For further information about Barclays, please visit our website www.barclays.com