Barclays: Quiet Moves

Barclays for over a year now has been trying to expand its market presence in India. It’s recent growth and profits have been encouraging, primarily on the back of premium lending. For quite a while now, it has been looking at IndusInd Bank to expand its operations in India. With IndusInd’s net profit rising by 51%, backed by growth in core fee and net interest income, Barclays is expected to push harder than ever to acquire IndusInd. The two coming together would give Barclays the much needed wider base of presence in the country. But Mr. Romesh Sobit is less likely to give up on a healthy growing business on easy terms, unless the two banks work out a mutual synergy.