Analyst Research

Report Title Price
Provider: Thomson Reuters Stock Report
$25.00
Provider: Reuters Investment Profile
$20.00

NYSE and AMEX quotes delayed by at least 20 minutes. NASDAQ delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

Royal Bank of Scotland Group PLC Announces Disposal Of Retail And Commercial Banking Operations In India


Friday, 30 Nov 2012 03:30am EST 

Royal Bank of Scotland Group PLC announced that the agreement to sell its Indian Retail & Commercial banking operations to The Hong Kong and Shanghai Banking Corporation Limited (HSBC), as announced on July 2, 2010, has lapsed with effect from November 30, 2012 and the sale will not be proceeding. Consistent with RBS's strategic objective to reduce or exit its Non-Core assets and businesses, it will begin to wind-down its Retail & Commercial banking business in India, whilst meeting all customer obligations. There will be no immediate change for customers who will continue to be served as they are today. Any changes impacting them will be notified in a timely way and will be designed to minimise disruption. 

Company Quote

364.2
-3.3 -0.90%
24 Oct 2014