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RBS could sell India private banking arm in management buyout

Royal Bank of Scotland (RBS) is in talks to sell its India private banking operations to Sanctum Wealth Management (Sanctum), a company led by the managing director of the existing business. This comes three months after RBS sold the rest of the international private banking operations, under Coutts, to Swiss pure play Union Bancaire Privee (UBP). In an emailed statement…

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