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Report: RBS to shutter 6 branches in India

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Report: RBS to shutter 6 branches in India

Royal Bank ofScotland Group Plc has decided to shutter six of its 10 retailbranches in India from Oct. 1, the Press Trust of India reported July 20,citing a notice sent to customers.

The bank, which has maintained its presence in India since1921, will close its branches in Bengaluru, Hyderabad, Pune, Gurgaon, Noida andVadodara. In May a report quoted a bank spokesperson as saying that it islooking to wind downits business in the country.

The bank said it will close its four remaining branches indue course.