Stock Market News
Prices
Reuters reports that Yes Bank is in talks to buy RBS' Indian unit
15-01-2013 12:26
| Add To Google +1 | Tweet |
India's fourth largest private lender, Yes Bank, is reportedly in talks to buy the local retail and commercial operations of Royal Bank of Scotland, according to a Reuters article citing an unnamed source.
Yes Bank has assets worth almost $11bn and, according to the source, is likely to start due diligence on the RBS unit soon.
Last year, a plan by RBS to sell its Indian business to HSBC collapsed following negotiations which had stretched over two years.
RBS is understood to be scaling back its international operations.
Noone was available to comment at RBS when ShareCast contacted the press office. ShareCast was unable to contact anyone at Yes Bank.
RF
Yes Bank has assets worth almost $11bn and, according to the source, is likely to start due diligence on the RBS unit soon.
Last year, a plan by RBS to sell its Indian business to HSBC collapsed following negotiations which had stretched over two years.
RBS is understood to be scaling back its international operations.
Noone was available to comment at RBS when ShareCast contacted the press office. ShareCast was unable to contact anyone at Yes Bank.
RF
| Related share prices |
|---|
| Royal Bank of Scotland Group (RBS) share price |
Stock News is provided by Digital Look Corporate Solutions from Sharecast news. Please read the terms and conditions of useage of this data. Republication or redistribution of content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Digital Look Ltd.
Get a free widget for your website with our latest headlines.
You can now add our live prices and new headlines to your website.The news widget features quotes for Oil prices, spot Gold price and Indices plus a choice of news channel for healines.
| Enter share symbol |
| Search share prices A to Z |
Top Shares pages
- Share price quotes
- Share charts
- Share watch list
- Company Results Calendar
- UK 100 Shares
- Stock market news
- Company news
- Share tips
- A-Z company search
More share features
POPULAR Share Prices
- Lloyds share price
- HSBC share price
- Barclays share price
- Prudential share price
- Diageo share price
- BP share price
- Vodafone share price
- British Airways share price
- Centrica share price
- Tesco share price
- National Grid share price
- RBS share price
- GSK share price
- Marks and Spencer
- Rolls Royce
- Banco Santander price
- Direct Line
- Rio Tinto share price
- Amec Share price
- Corac share price
- Lookers
- Telecom plus
- Kier share price
- Punch taverns
- Blinkx share price
- Tan share price
- Yell share price
- Rsa share price
- Pendragon share price
- Logica share price
- Bat share price
- Sky share price
- Kingfisher share price
- Dragon Oil share price
- Desire Petroleum share price
- RRL share price
- BPC share price
- VOG share price
- SAR share price