The most preferred CoCo bonds are those through which banks raise their additional Tier-I capital.
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
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.
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.
Did you know that your home insurance covers valuables in bank locker?
Nirav Modi, the fugitive diamond merchant wanted in India to stand trial on fraud and money laundering charges, told a UK court on Thursday that he could be in England for years as some ongoing proceedings prevent his extradition. The 52-year-old former billionaire appeared for a hearing at Barkingside Magistrates' Court in east London via video link from Thameside prison in relation legal costs, or fines, amounting to GBP 150,247.00, accrued over his failed extradition appeal proceedings in the London high court. Dressed in a pink prison-issue outfit and sporting a moustache, a plump and bald Nirav addressed the three-member magistrates' bench to reveal that he had complied with the previous court direction to pay in GBP 10,000 per month towards the fines.
India offers travel adventures no other country can offer.
Legends Brian Lara and Muttiah Muralitharan plotted the course for Sunrisers Hyderabad, while Sri Lankan great Kumar Sangakkara led the way for Rajasthan Royals.
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.
England players were in demand as batter Harry Brook earned a Rs 13.25 crore winning from 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.
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.
With the US housing and labour markets on the mend, the healing looks more durable, say RBS's Sanjay Mathur and Louis Kuijs.
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.
Nirav Modi, the fugitive diamond merchant wanted in India to stand trial on fraud and money laundering charges, on Thursday suffered another setback in his legal battle against his extradition as the high court in London denied him permission to appeal against his extradition order in the UK Supreme Court. In a judgment order pronounced at the Royal Courts of Justice in London, Lord Justice Jeremy Stuart-Smith and Justice Robert Jay ruled that "the Appellant's (Nirav Modi) application for permission to appeal to the Supreme Court is refused".
Mallya said, the ED on the one side and the banks on the other are fighting over the same assets.
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.
What Meera Sanyal has learned from her unsuccessful 2009 Lok Sabha campaign. In her own words.
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.
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.
'When my father travelled 5,000 miles to build a new home in Ireland, I doubt he ever dreamed that his son would one day grow up to become its leader.' Vaihayasi Pande Daniel/Rediff.com profiles Dr Leo Varadkar who will step down as Ireland's taoiseach (prime minister) next week.
Cash-strapped Royal Bank of Scotland is reviewing its branding agreement with cricketer Sachin Tendulkar a year into the deal.
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.
'But he was very quick and did a very stylish adab.' 'Of course, I didn't expect him to hug.'
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.
The state funeral on Monday will take the form of an elaborate ceremony that will see Her Majesty's coffin transported from Westminster Hall to Westminster Abbey and finally to Windsor Castle.
Romesh Sobti, ABN country head for India, will move to IndusInd Bank, a domestic private-sector institution controlled by the Hinduja family.
Marking a key milestone in the Indian government's fight against black money allegedly stashed abroad, India will get this month the complete information on flats, apartments and condominiums owned by Indians in Switzerland as also on earnings made from such properties to help it look into tax liabilities associated with those assets.
Liverpool's American owners are set to announce they have a sealed 350m pounds refinancing deal.
One person died after he collapsed during demonstrations against the G-20 summit in London, as security officials vowed to prosecute protestors who broke into a branch of the Royal Bank of Scotland. The man died after he collapsed at the scene of protests near the Bank of England. A protester called the police after they saw the man collapse and stop breathing. Two police medics broke through the cordon and carried the man to a clear area.
Four franchises were involved in a bidding war with MI Cape Town making the initial move followed by Paarl Royals. However, towards the end it was Johannesburg Super Kings and Sunrisers Eastern Cape, who fought tooth and nail before the latter made a winning bid of R 9.2 million.
Thousands lined the route to catch a glimpse as Queen Elizabeth II's coffin, seen in public for the first time, made its journey on Sunday from Balmoral Castle in Aberdeenshire to arrive at the late monarch's official Scottish residence of Holyroodhouse Palace in the capital city of Edinburgh.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances