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Barclays Bank to take decision on its credit card biz

Written by Oliver Laker on April 20, 2011.

Foreign lender, Barclays Bank is going to take a close review of its credit card business. Sources familiar to the matter have indicated that the bank may even consider selling its business in this segment in India.

“The credit card business is one, which has to be reviewed very closely because it is a business where scale counts a lot,” sources said.

However, no such bid has been invited by the bank so far in this regard, informed sources.

“We do not comment on market speculations,” said Karan Bhagat, managing director and country head, Barclays Corporate denying to comment on the issue.

Recently, another foreign lender, Deutsche Bank sold off its credit card business to IndusInd Bank. “Several private banks were interested in buying Deutsche Bank’s credit card business. Some of them may be interested in Barclays as well. It makes sense, since they would also get the employees and the platform of the cards business,” said an brokerage house analyst in this regard.

“The key issue, however, would be the price at which Barclays would be willing to sell its cards business,” he said.

 

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    Barclays Bank to take decision on its credit card biz

    Written by Oliver Laker on April 20, 2011.

    Foreign lender, Barclays Bank is going to take a close review of its credit card business. Sources familiar to the matter have indicated that the bank may even consider selling its business in this segment in India.

    “The credit card business is one, which has to be reviewed very closely because it is a business where scale counts a lot,” sources said.

    However, no such bid has been invited by the bank so far in this regard, informed sources.

    “We do not comment on market speculations,” said Karan Bhagat, managing director and country head, Barclays Corporate denying to comment on the issue.

    Recently, another foreign lender, Deutsche Bank sold off its credit card business to IndusInd Bank. “Several private banks were interested in buying Deutsche Bank’s credit card business. Some of them may be interested in Barclays as well. It makes sense, since they would also get the employees and the platform of the cards business,” said an brokerage house analyst in this regard.

    “The key issue, however, would be the price at which Barclays would be willing to sell its cards business,” he said.

     

    Similar Posts:

    Share

    Post Comment

    Barclays Bank to take decision on its credit card biz

    Written by Oliver Laker on April 20, 2011.

    Foreign lender, Barclays Bank is going to take a close review of its credit card business. Sources familiar to the matter have indicated that the bank may even consider selling its business in this segment in India.

    “The credit card business is one, which has to be reviewed very closely because it is a business where scale counts a lot,” sources said.

    However, no such bid has been invited by the bank so far in this regard, informed sources.

    “We do not comment on market speculations,” said Karan Bhagat, managing director and country head, Barclays Corporate denying to comment on the issue.

    Recently, another foreign lender, Deutsche Bank sold off its credit card business to IndusInd Bank. “Several private banks were interested in buying Deutsche Bank’s credit card business. Some of them may be interested in Barclays as well. It makes sense, since they would also get the employees and the platform of the cards business,” said an brokerage house analyst in this regard.

    “The key issue, however, would be the price at which Barclays would be willing to sell its cards business,” he said.

     

    Similar Posts:

    Share

    Post Comment

    Barclays Bank to take decision on its credit card biz

    Written by Oliver Laker on April 20, 2011.

    Foreign lender, Barclays Bank is going to take a close review of its credit card business. Sources familiar to the matter have indicated that the bank may even consider selling its business in this segment in India.

    “The credit card business is one, which has to be reviewed very closely because it is a business where scale counts a lot,” sources said.

    However, no such bid has been invited by the bank so far in this regard, informed sources.

    “We do not comment on market speculations,” said Karan Bhagat, managing director and country head, Barclays Corporate denying to comment on the issue.

    Recently, another foreign lender, Deutsche Bank sold off its credit card business to IndusInd Bank. “Several private banks were interested in buying Deutsche Bank’s credit card business. Some of them may be interested in Barclays as well. It makes sense, since they would also get the employees and the platform of the cards business,” said an brokerage house analyst in this regard.

    “The key issue, however, would be the price at which Barclays would be willing to sell its cards business,” he said.

     

    Similar Posts:

    Share

    Post Comment

    Barclays Bank to take decision on its credit card biz

    Written by Oliver Laker on April 20, 2011.

    Barclays Bank to take decision on its credit card biz

    Written by Oliver Laker on April 20, 2011.

    Foreign lender, Barclays Bank is going to take a close review of its credit card business. Sources familiar to the matter have indicated that the bank may even consider selling its business in this segment in India.

    “The credit card business is one, which has to be reviewed very closely because it is a business where scale counts a lot,” sources said.

    However, no such bid has been invited by the bank so far in this regard, informed sources.

    “We do not comment on market speculations,” said Karan Bhagat, managing director and country head, Barclays Corporate denying to comment on the issue.

    Recently, another foreign lender, Deutsche Bank sold off its credit card business to IndusInd Bank. “Several private banks were interested in buying Deutsche Bank’s credit card business. Some of them may be interested in Barclays as well. It makes sense, since they would also get the employees and the platform of the cards business,” said an brokerage house analyst in this regard.

    “The key issue, however, would be the price at which Barclays would be willing to sell its cards business,” he said.

     

    Similar Posts:

    Share

    Foreign lender, Barclays Bank is going to take a close review of its credit card business. Sources familiar to the matter have indicated that the bank may even consider selling its business in this segment in India.

    “The credit card business is one, which has to be reviewed very closely because it is a business where scale counts a lot,” sources said.

    However, no such bid has been invited by the bank so far in this regard, informed sources.

    “We do not comment on market speculations,” said Karan Bhagat, managing director and country head, Barclays Corporate denying to comment on the issue.

    Recently, another foreign lender, Deutsche Bank sold off its credit card business to IndusInd Bank. “Several private banks were interested in buying Deutsche Bank’s credit card business. Some of them may be interested in Barclays as well. It makes sense, since they would also get the employees and the platform of the cards business,” said an brokerage house analyst in this regard.

    “The key issue, however, would be the price at which Barclays would be willing to sell its cards business,” he said.

     

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