Royal Bank of Scotland (RBS) has big India plans following its global take over of ABN Amro for Sterling 54 billion, back in October 2007.

Royal Bank of Scotland Chief Executive John McCormick said, "We have been working towards opening a branch in India. With the buyout of ABN Amro, we suddenly become a very large international bank. We are keen to develop our business here."

He further said, "RBS has a presence in India since 2002. We recognize the significant growth potential in India and are working closely with Indian regulators to integrate the ABN Amro businesses we acquired."

RBS has got huge plans to grow its advisory business mainly focused on mid-cap as well as the large-cap sized companies in India. The bank focus in the country is to actively participate in inbound and outbound M&A deals as well as offer corporate debt, risk management, cash management, wealth management and international payment services to Indian entrepreneurs.

McCormick said, "We have very large and SME mid-cap and large-cap and wholesale banking activities, including M&A and risk management. We have got strong wealth management business and the acquisition of ABN Amro will help us to expand here."

The bank has extensive operations in Mumbai, Delhi and Chennai and plans to be a major competitor in the Indian market. "We look to provide liquidity domestically in the rupee market. We also look to leverage our skills and capabilities, including global distribution from North America, Europe and throughout the Asia-Pacific," McCormick said.

He added, "The financial markets across the globe are extremely volatile at this point of time and we are thus waiting for the dust to settle before taking a final decision on infusing more funds into our Indian operations."

RBS has also appointed cricketer Sachin Tendulkar as its global brand ambassador who will help in promoting the brand across the Asia Pacific region.

The Royal Bank of Scotland is one of the retail banking subsidiaries of the Royal Bank of Scotland Group plc, which together with NatWest and Ulster Bank, provides branch banking facilities in the United Kingdom. The Bank has around 700 branches, mainly in Scotland though there are branches in many larger towns and cities throughout England and Wales.