UK giant is spreading its wings
UK major bank NatWest Group is expanding its operations in India with a new state-of-the-art office in Bengaluru, as part of its ongoing strategy to strengthen its global technology capabilities.
The bank will establish a 370,000-square-foot facility at Bagmane Constellation Business Park, expected to be operational by the second quarter of financial year 2025.
The new office, spanning 11 floors, is expected to significantly increase NatWest’s capacity in the region, with space to accommodate up to 6,000 employees. This expansion is part of the bank’s broader plan to hire 3,000 software engineers in India by 2026. Currently, NatWest has about 17,000 employees across its three Indian centres in Bengaluru, Gurugram, and Chennai.
The announcement comes at a time when NatWest is actively engaged in a fierce mortgage price war in the UK. Earlier this week, the bank launched a market-low five-year fixed mortgage for home movers with an interest rate of 3.97%, positioning itself competitively against other major lenders.
The new Bengaluru facility in India – a LEED-certified green building – will offer three times the seating capacity of NatWest’s current office at RMZ Ecoworld, where around 2,000 employees are currently based.
“Bengaluru is known for its vibrant technology sector and skilled talent pool, making it a key strategic location for NatWest in India,” said Scott Marcar, group chief information officer at NatWest. “This new office marks a significant chapter in our growth journey, positioning us at the forefront of innovation as we continue to prioritise improving the customer and colleague experience.”
The bank said its expansion in Bengaluru will solidify India as the bank’s second-largest employee base outside of the UK.
“Our new Bengaluru office is not just an expansion of physical space but a strategic investment in our future,” said Punit Sood, head of India at NatWest Group. “It underscores our commitment to India’s vast potential and aligns with our goals to innovate and deliver superior services.”
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