Accused of Hiding Information
Ranbaxy shares slump after Daiichi Sankyo says misled over probes
Ranbaxy Laboratories Ltd slumped as much as 6.97 percent on Thursday after majority shareholder Daiichi Sankyo Co said it believes former shareholders of the Indian company hid information regarding U.S. regulatory probes. Full Article | Related Story
REUTERS SHOWCASE
Tax Avoidance
EU leaders talk tough on tackling Amazon, Google over taxes. Full Article | Related Story
Buy, Sell or Hold?
Confused while buying stocks? Get buy, sell or hold recommendations from VantageTrade. Full Coverage
Reuters India Mobile
Get the latest news on the go. Visit Reuters India on your mobile device. Full Coverage
Yes Bank says interested in RBS India retail asset
Track Markets: BSE Sectoral Indices
Track and analyse performance of all BSE sectoral indices and other global indices on a single page. Full Coverage
A logo of an Royal Bank of Scotland (RBS) is seen at a branch in London February 23, 2012.
Credit: Reuters/Stefan Wermuth/Files
MUMBAI |
MUMBAI (Reuters) - Mid-sized Indian private sector lender Yes Bank (YESB.NS) is interested in acquiring Royal Bank of Scotland Group Plc's (RBS) (RBS.L) India retail assets, but has not done a due diligence as of now, its Chief Executive Rana Kapoor said on Wednesday.
The bank will pursue acquisition of retail banking assets as part of its growth strategy, he told reporters, after the bank announced its quarterly earnings.
Yes Bank is in talks to buy the local retail and commercial operations of Royal Bank of Scotland Group Plc, a source with direct knowledge of the matter told Reuters on Tuesday.
When asked about possible acquisition of RBS India assets, Kapoor said Yes Bank, which earlier announced a 34.7 percent jump in its December quarter earnings, would be "receptive" to such opportunities to boost its retail network.
(Reporting by Swati Pandey; Editing by G.Ram Mohan)
- Tweet this
- Link this
- Share this
- Digg this
- Reprints
Follow Reuters