21 Sep 2021
DiamondWorld Directory
Home |
IndusInd to take over RBS’ Indian diamond and jewellery finance unit
The take over is part of ABN AMRO N.V.'s diamond and jewellery clients within in RBS
By: Diamond World News Service
Apr 10 2015 1:33PM
Reference: 11353  


Reports in leading media suggest that IndusInd Bank has signed an agreement with Royal Bank of Scotland, for a take over the latter’s diamond and jewellery finance business in India along with its related deposit portfolio, after securing regulatory approval. IndusInd Bank is a leading private sector bank in India.

Pursuant to the take over, the share value of IndusInd Bank saw some encouraging upscale movement of Rs 2.15 (0.23 per cent) over its previous close on BSE, to value currently at Rs 945.15, reports say.

IndusInd has also entered into a partnership agreement with ABN AMRO Bank N.V. for cooperation in diamond and jewellery financing, reports say.

This take over is part of ABN AMRO N.V.'s Diamond & Jewellery Clients housed in Royal Bank of Scotland N.V. acting through its Mumbai branch in India, reports say.

Till the time the loan transfer to IndusInd is not complete, RBS will look into the everyday management of the loans, reports say.

Follow DiamondWorld on Instagram: @diamondworldnet
Follow DiamondWorld on Twitter: @diamondworldnet
Follow DiamondWorld on Facebook: @diamondworldnet
Have Your Say
* Your view
* Name:
* Email:
* Town/city:
* Country/State:
*  Company:
*  Name:
*  Mobile:
*  Email:
Subscribe for DiamondWorld weekly Newsletter
Search News by City
Kosher 23460
Kosher 23460
Recent Issue
Kosher 23460
News in Pictures
Young Diamantaires
Pictures: 16
Stunning Jewellery from Cannes 2019
Pictures: 24
Sparkly Jewels at Oscars 2019
Pictures: 19
Golden Globes 2018
Pictures: 15
Spotted: Who Wore What (December 2018)
Pictures: 4
India Diamond Week
Pictures: 8
Spotted: Who Wore What (October 2018)
Pictures: 7
Spotted: Who Wore What (September 2018)
Pictures: 6
70th Emmy Awards
Pictures: 11
35th India International Jewellery Show 2018
Pictures: 46
JJS - IJ Jewellers Choice Design Awards 2015 powered by GIA
Views: 29880
Diamond World Expert Hour with Evgeny Agureev, Deputy CEO, ALROSA
Views: 6207
GJEPC Chairman Interview
Views: 26192
IJ Jewellers Choice Design Awards 2012 - Part 1
Views: 35843
Promo for IJ Awards 2012 at NDTV Profit
Views: 49744
IJ Jewellers Choice Design Awards 2012- Part 2
Views: 62968
Couture India 2016 - A Business Boutique Show by IJ Magazine
Views: 20193
Savjibhai Dholakiya, Surat Businessman (Diamond Merchant) speaks in Vibrant 2015
Views: 47756
IJ Jewellers Choice Design Awards 2013 - NDTV Video
Views: 46857
Finestar Diamonds
DW Whatsapp Sub sq
Member of:
Supporter of: