Rbs

Infosys to redeploy 3,000 employees and not fire them, following cancelled RBS contract

Infosys said it will not lay off nearly 3,000 techies after the Royal Bank of Scotland cancelled its contract but redeploy them in other projects.

RBS deal loss: Infosys says won't cut 3,000 jobs, but will reallocate them in other projects

RBS announced last week that it will not pursue its plan to separate and list a new UK standalone bank, Williams & Glyn (W&G), for which Infosys was a key technology partner.

Infosys to fire 3,000 employees because of cancelled Royal Bank of Scotland contract

Global software major Infosys will soon lay off about 3,000 techies since the Royal Bank of Scotland has cancelled the contract for setting up a new bank.

RBS' India management team to buyout Edinburgh-based lender's pvt banking biz here

Sanctum Wealth Management signed an agreement with Royal Bank of Scotland for taking over the India operations

IndusInd Bank to buy RBS India's diamond and jewellery financing biz

The loan book of RBS in diamond and jewellery financing segment is about Rs 4,500 crore and also includes clients of ABN Amro Bank. Accordingly, IndusInd has also simultaneously entered into an agreement with ABN Amro, which is one of the oldest banks in this business, IndusInd Bank said in a statement.

UK's Royal Bank of Scotland to offshore some jobs to India

Britain’s largest state-owned bank Royal Bank of Scotland (RBS) is to cut some 160 jobs in the UK and offshore around 60 of them to India. RBS has been cutting back its retail operations and the latest job cuts are also part of wider cost-cutting measures.

Six global banks to be fined by EU in rate probe

EU antitrust regulators are set to fine six global banks including Deutsche Bank, JPMorgan and HSBC after an investigation into the rigging of benchmark euro zone interest rates, a person familiar with the matter said on Tuesday.

Ratnakar Bank pips Yes Bank to buy select businesses of RBS India

The private lender did not disclose the price at which it will buy these businesses.

Banks cut base rate: Should you lower your home loan EMIs?

Base rate is a rate below which a bank cannot lend. In fact, IDBI also reduced its benchmark prime lending rate (BPLR) by 25 basis points, making home loan cheaper for those who are still stuck on the BPLR system for their loan.

Job cuts loom as RBS to shut Indian branches, only 8 hubs to remain

The move will result in job cuts. The bank has about 500 executives in India.