ABN Amro, Royal Bank of Scotland to merge (rediff.com)

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Meera Sanyal, Country Executive, ABN Amro Bank, revealed the bank’s merger plans with Royal Bank of Scotland. Dutch Central Bank has approved of the merger and a country-by-country approval is being sought. As part of the deal, RBS will acquire the banking business in India and Fortis will buy the asset management company. Neither have a presence in India. ABN Amro is negotiating with RBI too on …

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