In next three to four months, the retail and commercial banking operations of Royal Bank of Scotland may be acquired by Hong Kong and Shanghai Banking Corporation (HSBC). Both former and latter are well-known foreign sector lenders operating in the country. The country head of HSBC bank in India and Director, HSBC Asia-Pacific region, Naina Lal Kidwai said, "All of that (terms and conditions, including valuations) are currently under review. We expect it to be completed in the next three to four months."
HSBC operates through 50 branches in the country, while RBS has 31 branches in the country. |
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