New Delhi, June 06: Dutch banking major ABN Amro on Friday said it was looking at all possible options including acquiring a private bank and setting up a subsidiary to increase its presence in India. "We are looking at all possible options of acquiring majority stake in an Indian bank or setting up a subsidiary," ABN Amro Bank NV senior executive vice president, Jan Peter Schmittmann, said after launch of 'private banking operation'.
The decision comes a few months after government decided to raise foreign direct investment cap to at least 74 per cent in the banking sector and allow proportionate voting rights.

Schmittmann said the bank, having assets of over 598 billion euro worldwide, will like to have 51 per cent stake and management control if it goes for acquisition. "We have shortlisted at least six banks," he said.
Schmittmann said ABN Amro Bank will look for banks which have the spread where the Dutch foreign bank would like to foray into. Technology and other factors will not come in the way, he added. Bureau Report