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.