MoneyWorks4Me

Yes Bank in talks to acquire RBS’ Indian Retail Assets: Reports

15 Jan 2013 Evaluate

Private-sector lender Yes Bank is reportedly in talks to acquire the Indian retail assets of Royal Bank of Scotland Group PLC. The reports come right after RBS failed to close a deal involving sale of its India retail assets to Hongkong and Shanghai Banking Corporation (HSBC), calling it quits in November last year.

In India, RBS has 31 branches that it got when a three-bank consortium, of which it was a part, acquired Dutch bank ABN Amro in 2007. Further, the bank has a deposit base of Rs 13040 crore and a loan book of Rs 12535 crore with bad loans of 0.74% of the advances as of March 2012.

Peers
Company Name CMP
HDFC Bank 719.35
ICICI Bank 1305.50
Axis Bank 1214.00
Kotak Mahindra Bank 419.80
Indusind Bank 880.00
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