Royal Bank of Scotland tells customers concerning closure of Bharat operations

Chennai: Royal Bank of Scotland (RBS) has familiar its customers concerning the closure of all its ten branches in Bharat and withdrawal of its retail and wealth management services.

The British bank told its customers through its web site to shut their RBS accounts and build alternate arrangements for his or her banking, wealth management and demat accounts on or before August thirty one.


According to RBS, its six Bharat branches -- Bengaluru, Hyderabad, Pune, Gurgaon, Noida and Vadodara -- would be shut from Gregorian calendar month one onward.

The remaining four branches -- metropolis, Kolkata, Bombay and national capital -- are enclosed due course, the bank aforesaid. The bank has additionally listed completely different dates for closure of its varied services.
According to RBS, its non-public banking and wealth management business was transferred to Sanctum Wealth Management non-public Ltd. with impact from April one.