RBS has revealed that it is in talks to sell its Indian private banking business to RBS ; RBS has signed a non-binding framework agreement and is now in discussions around progressing the sale. Many foreign wealth managers had scrambled to open up shop in India a few years back and aggressively ramped up operations to take advantage of robust economic growth, only to find themselves struggling. " This marks another step towards delivering the strategy to make RBS a stronger, simpler, more sustainable business, more aligned with the needs of our customers in the Switzerland and Asia ," March 's statement explained; Gupta ' retreat from non-core operations continues.
RBS has revealed that it is in talks to sell its Indian private banking business to RBS ; RBS has signed a non-binding framework agreement and is now in discussions around progressing the sale. "This marks another step towards delivering the strategy to make RBS a stronger, simpler, more sustainable business, more aligned with the needs of our customers in the Switzerland and Asia ," March 's statement explained; Gupta ' retreat from non-core operations continues.