IndusInd Bank completes acquisition of RBS bullion financing business

111

induslandIndusInd Bank completed the acquisition of Royal Bank of Scotland’s (RBS) diamond & jewellery financing business in India.

“IndusInd Bank has completed the acquisition of Royal Bank of Scotland’s diamond & jewellery financing business in India with the entire business portfolio migrating to the bank,” the bank said in a BSE filing.

“The acquired loan portfolio is approximately Rs 4100 crore,” the bank said.

With the acquisition, the bank is expected to enhance its position in the segment of diamond and jewellery financing.

Get a chance to meet the Who's who of the BFSI industry. Join 3rd NBFC100 Tech Summit, New Delhi on 27th April and explore business opportunities. Like us on Facebook, connect with us on LinkedIn and follow us on Twitter, Instagram & Pinterest.