RBS slashes Nifty target to 9,200 citing reform delays
RBS slashes Nifty target to 9,200 citing reform delays

The Royal Bank Scotland (RBS) on Thursday lowered its forecast for the NSE Nifty to 9,200 points from 10,000 it pegged in December, citing delayed reforms on account of state elections later this year apart from weaker corporate earnings.

RBS inches closer to privatisation; posts £5bn loss

Royal Bank of Scotland may opt for a partial privatisation after it posted an annual loss of more than £5 billion after the bank faced series of scandals.

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.

‘UK govt mulling full nationalisation of RBS’

The UK government is considering a move to fully nationalise Royal Bank Scotland (RBS) by buying out private investors holding 18 percent stake, media reports said Thursday.

RBS close to selling off Asian assets: Report

Bailed out lender Royal Bank of Scotland is close to sealing a deal to sell its assets in China, India and Malaysia to Standard Chartered, a report said on Monday.