RBS to sell private banking business in India to Sanctum Wealth

On 29 July, the Royal Bank of Scotland (RBS) has decided to sell its private banking business in India to Sanctum Wealth Management, in line of its prior decision to exit the Indian market. Britain’s largest public bank Royal Bank of ..

Tags: Banking • RBS • Sanctum

Month: Current Affairs - July, 2015

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

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 ..

Tags: Acquisition • Banking • Bullion Financing • IndusInd • RBS

Month: Current Affairs - July, 2015