Provider: Zacks Investment Research Inc.
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Yes Bank Ltd In Talks To Buy Royal Bank of Scotland Group PLC's Indian Unit-Reuters
Reuters reported that Yes Bank Ltd is in talks to buy the local retail and commercial operations of Royal Bank of Scotland Group PLC (RBS). A plan by RBS to sell the Indian businesses to HSBC Holdings plc fell through in November last year, more than two years after the two banks started negotiations. Yes Bank is likely to start due diligence on the RBS unit soon.
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