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Barclays' retail and commercial business head resigns.

Global Banking News-8 May 2009-Barclays' retail and commercial business head resigns(C)2009 ENPublishing -

Global Banking News - 08 May 2009(c)2005 - Electronic News Publishing -

Samir Bhatia, head of Barclays Plc's (LSE: BARC) retail and commercial business in India, has resigned from the company.

Barclays Plc has confirmed the resignation and said, 'Samir has made a great contribution to the establishment of Barclays GRCB (Global Retail & Commercial Banking unit) in India, and has successfully led Barclays' operations across the whole India & Indian Ocean region.'

Bhatia is expected to start his own business venture.

Barclays has invested around INR60bn in India, of which INR18bn has been invested in the retail and commercial business and the remaining in investment banking.

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Publication:Global Banking News (GBN)
Date:May 8, 2009
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