Barclays Bank PLC, UK has made an investment of over Rs 3,000 crore in its unit Barclays Bank PLC India to accelerate its growth ambitions in India.

With this infusion, the bank’s total invested capital in the country will increase to more than Rs 8,300 crore. It had last invested Rs 540 crore in 2009-10.

The latest investment is the single largest one-time Infusion made by the bank since the inception of the Indian unit. 

“The expansion in Tier 1 capital reinforces Barclays’ commitment to India, and will enable further growth of the bank’s corporate & investment banking and private clients businesses,” the bank said in a statement.

In India, the bank has been focused on corporate and investment banking after an initial tryst with retail, which it abandoned in 2011.

The bank’s offerings in India include financing, advisory, and risk management businesses within the investment bank, corporate banking, cash management, and trade finance.

It also manages assets for high-net-worth individuals and wealthy family offices under its private banking business.

Jaideep Khanna, Asia Pacific CEO, Barclays, said: “The capital infusion in the bank reflects the success and strong track record of our India franchise built over the last three decades. We have ambitious growth aspirations, and the investment will help accelerate that as we look to leverage the attractive opportunities that the present situation offers.”