UK-based relationship bank, NatWest Group has announced plans to hire 3,000 engineers in India over the next three years (2026). This move is part of the company's global hiring initiative, which aims to recruit 5,000 individuals in areas such as artificial intelligence, cloud engineering, and UI-UX development.
The company recognizes India's key role in its global operations, with its Global Capability Centers (GCCs) promoting digital transformation and improving customer access to banking services. Let's take a look at the details of NatWest Group's expansion in India and the importance of the country's talent pool in supporting its growth.
Strategic Importance of India for NatWest Group :
Speaking at a conference in Chennai, Group Chief Information Officer Scott Marker emphasized the importance of India to the company's global operations. NatWest Group has established GCCs in Bangalore, Chennai and Gurugram to house a significant portion of its global digital group. With nearly 50% of the firm's digital workforce based in India, these centers will play a key role in driving digital transformation and supporting the bank's various functions.
Role of Engineering Hubs :
Punit Sood, Head of International Hubs at NatWest Group, highlighted the presence of two engineering hubs, one in India and the other in Poland. India's engineering hub accounts for about a third of NatWest's workforce, reflecting the company's reliance on India for its technology and data analytics operations. With half of India's workforce dedicated to technology-related functions, NatWest benefits from the country's talent, cost advantage and regulatory environment.
NatWest's Rebranding and Future Prospects :
In 2020, Royal Bank of Scotland Group rebranded as NatWest Group, marking a new phase for the company. While the legal entity in India remains RBS for now, it will soon be renamed NatWest. The company's commitment to expand its presence in India demonstrates its confidence in the country's potential and its intention to leverage India's talent and resources for future growth.
India's Emerging GCC Landscape :
NatWest Group's expansion is in line with the overall growth of Global Capability Centers (GCCs) in India. According to the Nasscom India GCC report, there are currently 1,500 GCCs employing more than 1.3 million professionals across various industries. The report estimates that an additional 500 GCCs will be set up in India over the next three years. The country's vibrant ecosystem with large talent pool, cost competitiveness and favorable regulatory factors make it an attractive destination for global companies to set up their operations.
NatWest Group's decision to hire 3,000 engineers in India reflects the company's recognition of the country's strategic importance and its intention to tap into India's talent pool for high-end engineering roles. As NatWest Group expands its footprint in India, it aims to leverage the country's digital capabilities, cost advantages and regulatory environment to innovate and improve customer experiences.
As India's GCC landscape is poised for further growth, it is clear that the country will continue to be a preferred destination for global companies looking to establish their presence and tap into India's immense potential.
