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IndusInd Bank completes acquisition of RBS unit

IndusInd Bank has now completed the acquisition of the diamond and jewelry financing business and related deposit portfolio of Royal Bank of Scotland in India. This will mean a loan portfolio of approximately Rs 41 billion has been transferred to the bank from RBS. The unit was part of ABN Amro Bank’s diamond and jewelry clients unit, which was transferred to RBS when it acquired ABN Amro Bank.

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