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RBS agrees to transfer India private banking business

The Royal Bank of Scotland (RBS) has inked an agreement to transfer the India private banking business to Sanctum Wealth Management, which will include onboarding onshore client relationship managers. As part of the agreement, Shiv Gupta, the current head of RBS private banking India will lead Mumbai-based Sanctum Wealth. It plans to retain the same branch network currently operating by…

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