IndusInd 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.
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“The acquired loan portfolio is approximately Rs 4100 crore,” the bank said.
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With the acquisition, the bank is expected to enhance its position in the segment of diamond and jewellery financing.
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IndusInd Bank completed the acquisition of Royal Bank of Scotland’s (RBS) diamond & jewellery financing business in India.
