Bullion Financing Current Affairs, GK & News

IndusInd Bank acquires RBS' bullion financing business for Rs 4,100 crore

July 29, 2015

IndusInd Bank has acquired the diamond and jewellery (bullion) financing business and related deposit portfolio of Royal Bank of Scotland (RBS) for 4,100 crore rupees on 28 July 2015. Britain’s largest public bank Royal Bank of Scotland (RBS) was in talks with IndusInd Bank to sell off its bullion financing business and had signed a non-binding agreement in April ..

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