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RBS In Talks For Management Buyout Of Indian Private Banking Arm

Bloomberg, Jul 27, 2015

Royal Bank of Scotland Group Plc is in talks for a management buyout of its Indian private banking operations. The Edinburgh-based lender has signed a non-binding framework agreement and is in discussions to sell the business to Sanctum Wealth Management, it said in an e-mailed statement to Bloomberg on Monday. Sanctum is led by Shiv…

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