The leading South Asian bank DBS is set to acquire the on shore operations of RBS in India for a deal of 1000 crores.
RBS- Royal bank of Scotland
- Balance sheet-19000 crores
- Loan book value- 11,150 crores
Main parts of RBS operations
- Network of 10 branches
- Corporate loan platform
- Debt capital market
Points to note
- IDFC was also in the race to acquire RBS but later withdrawed from the deal
- Since Ross Mc ewan took charge as Chief executive of RBS, the bank sold all its assets across the world
- National Bank of Abu Dhabi (NBAD) bought RBS’s offshore loan book in India for $816.8 million (about Rs 5,422 crore)
- Currently the Development Bank of Singapore is likely to buy the onshore operations of RBS in India for 1000 crores
- The deal also includes the two NBFC’s managed by RBS
Points to know
- DBS MD –Shantanu Sengupta
- Headquarters of DBS- Singapore
- RBS MD-Ross Mc ewan
- Headquarters of RBS-Edinburgh
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