According to reports in the Canadian media, iGate was allegedly using temporary foreign workers to replace the bank's existing staff.
LSG, Punjab Super Kings will be aiming to bounce back after losing their previous match.
A first-ever study conducted jointly by Outlook Money and TNS.
Bank would exit from cash equities, corporate broking, equity capital markets, and mergers and acquisitions businesses.
Move comes after bank's failure to close deal with HSBC.
The job cuts comes in the wake of the banking sector, especially investment banking activities, facing difficult times amid the persisting European debt turmoil.
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.
Ratnakar Bank to absorb RBS' employees involved in three businesses
The most preferred CoCo bonds are those through which banks raise their additional Tier-I capital.
'The more educated a young person is, the higher the chances of him or her remaining unemployed.'
A consortium of Indian public sector banks led by SBI sought a bankruptcy order against embattled liquor tycoon Vijay Mallya during a high court hearing in London on Wednesday as part of efforts to recoup around 1.145 billion pounds in unpaid loans. Mallya's legal team, led by barrister Philip Marshall, argued for the bankruptcy petition to be dismissed because their client was being unfairly pursued by the banks in India and the UK on opposing grounds.
Banker-turned-politician Meera Sanyal on why she joined politics, her plans for South Mumbai, women's empowerment and the promise of the Aam Aadmi Party.
Full list of players released, retained and traded by all ten teams in the IPL.
Riding high after an emphatic victory against Kings XI Punjab, a rejuvenated Delhi Daredevils will aim at posing a serious challenge to a formidable Royal Challengers Bangalore when the two teams square off in an Indian Premier League (IPL) encounter in Bengaluru on Sunday.
The deal is stuck because the Reserve Bank of India has declined to transfer the branch licences of RBS to HSBC.
It is a pity that he does not take his youth influencer role more seriously and align his brand endorsements more responsibly, notes Kanika Datta.
Hardik Pandya is touted as a possible captaincy option for Mumbai Indians in the future.
Did you know that your home insurance covers valuables in bank locker?
The Hongkong and Shanghai Banking Corporationon Friday announced it will acquire the Indian business of Royal Bank of Scotland worth $1.8 billion, a move that will help the British giant gain greater exposure in the country.
Gidwani will be based in Mumbai, overseeing a team of 15 staff comprising private bankers and client relationship associates, a statement issued by the bank in Mumbai said.
Virat Kohli will be in focus as Royal Challengers Bangalore look to strengthen their claim for an IPL play-offs berth in their must-win match against laggards Sunrisers Hyderabad.
Batting legend Sachin Tendulkar had budding young cricketers enthralled at the Singapore Cricket Club as he explained the finer nuances of the game on Tuesday.
Wages as percentage of the total expenses for the ABN Amro Bank, which is in the process of selling its retail and commercial banking operations in the country, shot up from 19.91 to 25.61 per cent during the year, reveals an RBI analysis of the banking sector in the country.
With the US housing and labour markets on the mend, the healing looks more durable, say RBS's Sanjay Mathur and Louis Kuijs.
Similarly, 51 per cent of 105 market participants polled by RBS said they do not expect a CRR cut in the quarterly policy announcement next Tuesday.
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.
You can have a traditional Diwali celebration with your family at these special spots.
For returning to trend growth of over eight per cent GDP growth and sustained low inflation of four per cent, removal of supply-side constraints and investor-friendly policy reforms are key, says Rajesh Cheruvu, Chief Investment Officer, India, RBS.
What Meera Sanyal has learned from her unsuccessful 2009 Lok Sabha campaign. In her own words.
Cash-strapped Royal Bank of Scotland is reviewing its branding agreement with cricketer Sachin Tendulkar a year into the deal.
Mallya said, the ED on the one side and the banks on the other are fighting over the same assets.
Foreign lender Royal Bank of Scotland on Thursday said RBI is likely to hike its policy rates by up to one percentage point this year even as the headline inflation is likely to fall to 6-7 per cent on the back of a good monsoon.
Standard Chartered pulled out of the negotiations over valuation issues, according to sources. They say it was willing to pay up to $250 million, a figure that apparently fell far short of RBS' s expectations.
At present, the bank has around 10,000 employees in India, with 7,500 in Aces, its business process outsourcing unit and product development centre, while another 500 are in the non-retail banking units, who would be retained. This is part of its strategy to focus on key markets after the sale of its retail and SME banking business. The unit had contributed around 30 per cent of RBS's revenue from its India and Asia-Pacific operations.
Royal Bank of Scotland and JP Morgan were also fined over attempts to rig currency benchmarks in a year-long probe that has put the largely unregulated $5 trillion-a-day market on a tighter leash, with dozens of dealers suspended or fired.
Banks are increasingly offering a range of tailor-made financial products; however, there are some downsides.
The report, 'The roots of growth: Projecting EM infrastructure demand to 2030', produced jointly by Cambridge Judge Business School and the Royal Bank of Scotland, predicts that the emerging world will need to spend $20 trillion dollars on infrastructure over the next 20 years.
The US owners of Premier British League Football team Liverpool are looking to sell the club and have appointed Barclays Capital to find a buyer, a source familiar with the matter said on Sunday. American businessmen Tom Hicks and George Gillett are facing a demand to repay 100 million pounds ($153 million) of the club's 237 million pounds debt to its lenders, Royal Bank of Scotland and US bank Wachovia, in July.
With MI no longer the dominant force it used to be in the last couple of IPLs and Rohit also not among the runs, plans were hatched after IPL 2023 to bring about some major changes.
Romesh Sobti, ABN country head for India, will move to IndusInd Bank, a domestic private-sector institution controlled by the Hinduja family.
