Barclays plans India equity advisory return after a decade

Barclays is planning to return to India’s equity advisory business after a decade, marking a potential expansion of its wholesale banking offering in the country.

Equity capital markets identified as a gap

Pramod Kumar, Barclays’ chief executive officer, said the India equity capital markets business is an important product currently missing from the bank’s wholesale banking portfolio.

The comments position equity advisory as a potential addition to Barclays’ existing business in India. The planned return follows a 10-year absence from the segment, according to the available information.

Details of the planned return remain limited

No timetable, investment figure or operating details were provided. The available information also does not specify the structure of Barclays’ planned activity or the range of advisory services it may offer.

For Barclays, the move would address a stated gap in its wholesale banking product offering. For India’s equity capital markets, the announcement signals the bank’s intention to re-enter a business it previously left a decade ago.

What comes next

The next developments will depend on how Barclays puts the plan into operation. Until further details are released, the company’s statement establishes the intention to return but not the scale or timing of the business.