The Royal Bank of Scotland Group has revived its attempt to sell its Indian retail and commercial banking operations as India's Yes Bank is reportedly in talks to acquire the assets.
Yes Bank is in discussions with the government-backed bank and is likely to start a due diligence on the RBS' Indian unit soon, Reuters reports, citing "a source with direct knowledge of the matter".
Earlier, a plan by RBS to sell the Indian businesses to HSBC Holdings failed in November 2012, following negotiations... (Continue Reading)
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