RBS to exit India private banking business in management buyout
RBS to exit India private banking business in management buyout

Royal Bank of Scotland Group Plc said it is selling its Indian private banking unit to a company led by the head of the business, Shiv Gupta, as the British bank pulls back from some foreign markets to focus on UK retail and commercial banking.

RBS names Brijesh Mehra as India Country Executive

The Royal Bank of Scotland (RBS) Tuesday announced the appointment of Brijesh Mehra as the Country Executive for India.

Comfortable with current level of Inflation, says Rajan

Rajan expressed apprehensions that headwinds to growth from domestic constraints continue to pose downside risks.

Raghuram Rajan meets FM ahead of second quarter policy review

"I discussed whole set of issues with the Finance Minister including state of economy," Rajan told reporters after the meeting here.

‘Industry sees 0.25% hike in policy rates on Oct 29’

An industry poll conducted by RBS India Tuesday said majority participants are expecting RBI Governor Raghuram Rajan to hike the key policy rates by at least 0.25 percent next week when he unveils the second quarter review of Monetary Policy 2013-14.

RBS to shut 23 retail and commercial branches in India

Royal Bank of Scotland (RBS) has said it will close 23 of its 31 branches in India by the end of the year to focus only on big cities.

RBS starts shutting down branches, to retrench staff

British banking major RBS will be laying-off some of its 1,000 employees as it winds down retail and commercial business in the country.

Royal Bank of Scotland to cut jobs in India

The move comes as part of a plan to wind down its retail and commercial business in India.

RBS to pull out of India

RBS said the deal, first revealed two years ago and which would have seen HSBC pay a 59 million pounds premium over the Indian division’s book value of 190 million pounds, had lapsed.

HSBC's proposed takeover of RBS India assets falls through

RBS also separately said that the deal, announced on July 2, 2010, has lapsed on Friday and the sale will not be proceeding.

RBS to wind down retail, commercial banking in India

RBS had announced a deal more than two years ago in July 2010 to sell its Indian retail and commercial banking operations to HSBC.

RBS to offer philanthropy services in India

The Royal Bank of Scotland (RBS) India will soon provide philanthropy services as a part of its wealth management segment in the country.

RBS in deal to sell Asia-Pacific biz to CIMB for $120 mn

Royal Bank of Scotland on Monday said it has reached an agreement with Malaysian financial services major CIMB Group to sell its cash equities, equity capital markets and M&A business in India and in 10 other Asia-Pacific markets for about 75 million pounds (USD 120 million).

Royal Bank of Scotland moves jobs to India

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.

RBS expects CRR, SLR cut before RBI monetary review

Private sector lender RBS India Thursday said it expects some concrete measures from the Reserve Bank to ease the tight liquidity situation in the system, before the scheduled mid-quarter review on March 15.