Barclays India scales down exposure to banks to Rs 3,090 cr in FY21

Barclays India has slashed its exposure to banks from Rs 9,830 crore in 2018-19 (FY19) to just Rs 3,090 crore in the April-June quarter (first quarter, or Q1) of 2020-21 (FY21).

The bank’s loan book reduced 33 per cent year-on-year in 2019-20 (FY20), largely led by higher repayments in the shorter tenure of the book. 

Also, it did export-related financing, largely through priority sector lending certificates rather than packing credit loan in foreign currency-based loans.

The foreign bank increased its engagement with non-banking finance entities and trading segment, with growth in exposure to Rs 1,070 crore in Q1FY21, from Rs