022 24172311
Sections
Search
DealCurry
Equity
Venture Capital
Private Equity
M&A

Banner
DataBoard Demo
Mergers & Acquisitions | 15 January 2013

IndusInd, YES Bank To Acquire Retail Assets Of RBS

by Ahemad Shaikh
IndusInd, YES Bank To Acquire Retail Assets Of RBS
Share on Social Media Email Facebook Twitter Linkedin
 
@ahemad

Yes Bank and IndusInd Bank are planning to acquire retail assets of RBS in India.

The move is in line with YES Bank’s strategy to expand its retail banking business aggressively. The bank recently roped in Pralay Mondal from HDFC Bank to oversee its retail banking operations.

Last November, RBS failed to close a deal involving sale of its India retail assets to HSBC.

RBS has 31 branches in India which it received as part of a three-bank consortium that acquired Dutch bank ABN Amro in 2007. India represents a small part of RBS' global business, accounting for just 0.02% of group assets and about half a percent of its non-core business.

The bank has a deposit base of R130.40 Bn and a loan book of R125.35 Bn with bad loans of 0.74% of the advances as of March 2012.

BanyanTree Achieves Second Close For Its Fund II

BanyanTree Achieves Second Close For Its Fund II

Structured PE Firm - BanyanTree Growth Capital has raised around $150 Mn for its second fund - BanyanTree Growth Capital II LLC.

Read More...

UTI Ventures Divests its Shares in Ascent Capital

UTI Ventures Divests its Shares in Ascent Capital

UTI Ventures Funds Management Company Private Limited, the private equity investment subsidiary of UTI Asset Management Co Pvt Ltd, has sold its stake in Ascent Capital Pvt Ltd to the management of the firm, which is headed by Raja Kumar.

Read More...
Subscribe
Enter your Email address
to receive all the news