On Thursday, Barclays Bank PLC India has announced an investment of over Rs 3,000 crore in the bank by its head office to accelerate its growth ambitions in India. With this infusion, the bank’s total invested capital in the country will increase to over Rs 8,300 crore.

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

Barclays said it had built a market-leading business in the country as demonstrated by its top tier financing, advisory and risk management businesses within the investment bank, the entire suite of corporate banking capabilities, including cash management and trade finance, and significant growth of assets under control by the private clients business for several of India’s high and ultra-high net worth individuals and family offices.

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Jaideep Khanna, head of Barclays, Asia Pacific and country chief executive in India, said that the capital infusion in the bank reflects the success and strong track record of its India franchise built over the last three decades.