RBS has revealed that it is in talks to sell its Indian private equity business to Sanctum Wealth Management ; RBS has signed a non - binding framework agreement and is now in discussions around progressing the deal . " 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 U.K. and Western Europe , " yesterday 's report explained ; RBS ' retreat from non - core operations continues .
RBS has revealed that it is in talks to sell its Indian private banking business to Sanctum Wealth Management; 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 U.K. and Western Europe," yesterday's statement explained; RBS' retreat from non-core operations continues.