DBS, South Africa's FirstRand in the running for RBS India unit
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Hong Kong
SINGAPORE'S biggest lender DBS Group Holdings and South African banking group FirstRand are in separate talks to buy Royal Bank of Scotland Group plc's (RBS) India unit, people with direct knowledge of the matter told Reuters. Financial details of the transaction were not immediately clear, though one of the people said the deal could fetch about US$200 million.
An Indian private sector lender is also likely to bid for the unit, another source said. The sources declined to be named as the talks are not yet public.
Share with us your feedback on BT's products and services
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
20 photos that show how dramatically Singapore has changed in two decades
Singapore’s key exports up 15.3% in March from electronics surge, exceeding forecasts
