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Indusland Bank said today that it has completed the acquisition of Royal Bank of Scotland’s diamond and jewellery financing business in the country.
In a BSE filing, it said that “IndusInd Bank has completed the acquisition with the entire business portfolio migrating to the bank. The acquired loan book is approximately Rs 41 billion (Rs 4,100 crore”.
Induslnd Bank is already into diamond and jewellery financing business and this acquisition is expected to enhance its position in the segment.
