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

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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