Yes Bank says interested in RBS India retail asset

Tags: News
Mid-sized Indian private sector lender Yes Bank is interested in acquiring Royal Bank of Scotland Group Plc's India retail assets, but has not done a due diligence as of now, its Chief Executive Rana Kapoor said on Wednesday.

The bank will pursue acquisition of retail banking assets as part of its growth strategy, he told reporters, after the bank announced its quarterly earnings.

Yes Bank is in talks to buy the local retail and commercial operations of Royal Bank of Scotland Group Plc, a source with direct knowledge of the matter told Reuters on Tuesday.

When asked about possible acquisition of RBS India assets, Kapoor said Yes Bank, which earlier announced a 34.7 percent jump in its December quarter earnings, would be "receptive" to such opportunities to boost its retail network.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

FC NEWSLETTER

Stay informed on our latest news!

EDITORIAL OF THE DAY

  • Only a handful of Indian stocks meet global benchmark for attracting investments

    Ask any foreign investor who has either invested in the Indian stock market or is looking to do so, what’s the biggest hurdle in bringing more funds

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Richard Rekhy

What truly ails our great country

“The difference between a corrupt and an honest person; the ...

Purnendu Ghosh

Are there variations in a mother’s love?

A little girl asks her mother so affectionately, “Ma how ...

Gautam Gupta

Immense potential of e-commerce in fashion and apparel

Michael Aldrich launched online shopping in1979 with no clue whatsoever ...