Global finance giants seek office space to expand captive business in India

Barclays, Credit Suisse, StanChart and Citigroup among global firms planning to add office space in India. Global financial giants are increasingly opting for more cost-efficient locations to house their back-end operations, in line with efforts to contain costs,” said the report. It added that most European and American banks are “restructuring, cutting back on resources and operating expenses in Asia and moving some jobs to low-cost, emerging markets within the region.

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