IDFC Bank is in advanced negotiations to purchase Royal Bank of Scotland’s corporate banking portfolio in a deal pegged at up to Rs 3,000 crore, said two people with direct knowledge of the plan. A successful acquisition will allow IDFC, which recently started operations as a universal bank, to widen its branch network in India’s biggest cities, add more customers and acquire a stronger corporate loan book, they said. “This will help kickstart IDFC Bank, especially personal and corpora .. Read more at: http://economictimes.indiatimes.com/articleshow/50646009.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
Source: Economic TimesIDFC Bank negotiating to purchase RBS’ corporate banking portfolio in Rs 3,000 crore deal.
Industry: Banking 2016-02-09
