Royal Bank of Scotland on Monday announced plans to switch 215 roles from Britain to India to cut costs, adding that it would axe a further 83 temporary British roles.
"As we work to rebuild RBS we continue to streamline our business to ensure that we remain competitive," said a spokesperson for the state-rescued bank.
"We have embarked upon a three year transformation programme across our finance division which will increase efficiency and allow us to serve our customers better.
"This includes looking at our global footprint. The movement of roles between countries reflects the global nature of our business and the need to locate our people close to the customers they serve," the spokesman added.
RBS, which is 82-percent owned by the government, has slashed about 34,000 jobs since it was bailed out by the state in 2008.
The latest round of job losses sparked anger from Britain's biggest trade union Unite.
"It is outrageous that ... 200 jobs are being shipped to India," senior Unite official David Fleming said in a statement.
"Instead of sending financial services work from the UK to a low wage economy, RBS should be ensuring their workforce is able to get on with the work they do so well."