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The fair trade regulator CCI has provided its approval to the proposal of DBS Bank’s to acquire the corporate loans business from Royal Bank of Scotland in the Indian market.
DBS India would be buying certain corporate loans from Royal Bank of Scotland N V India Branches (RBS India).
CCI with clearing the deal said that it is not likely to have an adverse impact on the competition in the country.
DBS and RBS both provides various financial services that also includes the areas of corporate and retail banking in India.
