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 IndusInd Bank on Friday said it has entered into an agreement with the Royal Bank of Scotland NV (RBS) to acquire its diamond and jewellery financing business in India and related deposit portfolio, subject to regulatory approval. “This is part of ABN The Royal Bank of Scotland diamond and jewellery financing loan book is around Rs 4,500 crore in size. Private sector lender IndusInd Bank has entered into an agreement to buy the diamond and jewellery financing business of Royal Bank of Scotland India and jewellery financing business in the country for an undisclosed sum. The loan book of RBS in diamond and jewellery financing segment is about Rs 4,500 crore and also includes clients of ABN Amro Bank. Accordingly, IndusInd has also simultaneously entered Two diamond rings worth QR470,000 ($129,000) were left in a bathroom at Qatar’s National Convention Centre and turned in by a cleaner working at the venue. The 32-year-old Ethiopian cleaner has reportedly been handed a cash reward for her honesty in BSE and NSE Listed IndusInd Bank is acquiring RBS’s diamond and jewellery financing business in India and related deposit portfolio. The deal size has not been disclosed. With this acquisition IndusInd Bank will strengthen its position in diamond and .
MUMBAI: IndusInd Bank has struck a deal with Royal Bank of Scotland N V to acquire its diamond and jewellery financing business in India and related deposit portfolio; subject to approval from Reserve Bank of India. Until ownership of the loans transfer to In order to reach new customers and learn more about the industry, representatives from Minneapolis, MN jewelry retailer Diamonds Direct will attend The SMART Jewelry Show this month in Chicago. The event will take place between April 18 and 20 at the city which are used by many local dealers to store jewelry. Police have not disclosed the value of the stolen goods. Britain has a soft spot for a good heist, and newspapers have reveled in the emerging details of the robbery. Under the headline "Diamond MUMBAI (Reuters) - IndusInd Bank Ltd said it would buy Royal Bank of Scotland's diamond and jewellery financing business in India and the related deposit portfolio. RBS's India diamond and jewellery financing loan book is about 45 billion rupees ($721.7 .
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