UAE bank NBAD purchased RBS's offshore loan book in India

National Bank of Abu Dhabi( NBAD), the largest lender by assets in the United Arab Emirates, bought Royal Bank of Scotland's offshore loan book in India for 3 billion dirhams ($816.8 million) in October, the bank's chief executive Alex Thursby said in a conference call on Wednesday.

The bank is planning to start operations in India next week.


Source : Thehindubusinessline