Induslnd Bank has completed the acquisition of the entire Diamond & Jewellery financing business portfolio of Royal Bank of Scotland N.V. (RBS) migrating to the bank. The acquired loan portfolio is approximately Rs 4,100 crore. The bank had earlier on April 10, 2015, entered into an agreement with Royal Bank of Scotland N.V. (RBS) to acquire its Diamond and Jewellery financing business in India and related deposit portfolio; subject to regulatory approval.
IndusInd Bank which commenced operations in 1994 caters to the needs of both consumer and corporate customers. Its technology platform supports multi-channel distribution networks. As on June 30, 2015, bahk has 811 branches and 1,543 ATMs spread across the country.
