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 . " 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 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 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 .