Barclays India, a part of British banking giant Barclays Plc, has issued pink slips to 121 employees of its 5,000 strong workforce in the country.

However, Barclays still believes that India plays an extremely important role in building and diversifying its emerging markets business

Financial services provider Barclays India, which is operating in India for the past 30 years, has 6 entities in the country. It currently provide services to over 9,00,000 clients and customers nationwide.

In last-two years, Barclays Bank Plc has invested over £240 million, on growing its Retail and Commercial Banking (GRCB) businesses in India.