Barclays India, which wound up its retail operations, plans to resume hiring for its corporate banking and wealth management businesses as it aims to capture the impending revival in fund raising, and mergers and acquisitions by Indian companies. The British bank will remain a focused wholesale bank with a lean and mean operations, preferring to operate as a branch of its parent instead of choosing local incorporation, said Barclays country head Jaideep Khanna. "We will hire, but we are not planning to enter any new business," Khanna said. "The strategy for Barclays in India is around combined corporate and investment banking operations, which focuses on largest corporates. We are investing in equities and private wealth business. These will be the planks for growth in India."

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