NatWest has steadily shrunk its UK workforce over the past half decade while increasing its headcount in India by 43 per cent, with a third of its global workforce now based in the country.
While the UK lender’s global headcount remained broadly stable between 2020 and 2025, the number of UK-based roles has decreased by 9 per cent, according to its annual reports, while its Indian workforce has risen by nearly half.