In an interview with Malvika Joshi and Somasroy Chakraborty, Madan Menon, RBS' chief executive for Singapore and Southeast Asia and head of global banking and markets in India, shares the bank's plans.
At issue size of Rs 10,355 cr, the offering will be Asia's biggest this year and fifth-largest domestically.
The job cuts will affect almost a fifth of the bank's workforce.
The Royal Bank of Scotland (RBS) on Thursday said that it will sell its retail and commercial banking business along with a part of its global banking and markets (GBM) division in India as part of the global restructuring exercise aimed at focusing on core markets such as the United Kingdom, the United States and Ireland.
An estimated 10,000 to 20,000 jobs will be axed, according to a media report
Can we find fault with RBI for not intervening enough in the market? Actually no, say some experts. A correction in rupee was long overdue.
The bank is expected to report a pre-tax profit of $21 bn.
This marked an increase from 2,63,000 at the end of 2013
The World Gold Council, which represents the mining industry, puts India's demand between 850 and 950 tonnes in 2014.
The value of the index, adjusted from its all-time high for the relative loss in the rupee's value, is close to sub-10,000 levels.
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