Singapore's biggest lender and South African banking group are in separate talks to buy Group Plc's India unit, people with direct knowledge of the matter told Reuters. Royal Bank of Scotland (RBS) is in separate talks over selling its India unit to DBS Group Holdings and FirstRand; financial details are not known, though reports suggest the deal could be worth about $200m. The bank has been trying for years to sell off its Indian operations, which have grown rapidly since it was set up by a merger between Standard Chartered Bank, India's largest bank, and Punjab National Bank.
Royal Bank of Scotland (RBS) is in separate talks over selling its India unit to DBS Group Holdings and FirstRand; financial details are not known, though reports suggest the deal could be worth about $200m. The bank has been trying for years to sell off its Indian operations, which have grown rapidly since it was set up by a merger between Standard Chartered Bank, India's largest bank, and Punjab National Bank.