Citi joins list of foreign banks scaling down India ops

Citi Bank on Wednesday joined the list of foreign banks that have exited the retail banking business in India as the US-based banking giant announced selling its consumer banking portfolio to Axis......

'India is the core market for RBS'

Royal Bank of Scotland has decided to exit its retail and commercial banking operations in India by selling these businesses to Hongkong and Shanghai Banking Corporation.In an interview with......

RBS to cut 3,500 jobs worldwide

Royal Bank of Scotland announced 3,500 job cuts over the next three years, as part of a business reorganisation and shrinkage of its investment banking operations.RBS, a government-owned banking......

RBS puts India retail business on sale

The Royal Bank of Scotland (RBS) on Thursday said that it will sell its retail and commercial banking business along with a part of its global banking and markets (GBM) division in India as part of......