The Royal Bank of Scotland was founded in 1727 and has a history of over three hundred years. With its rich history, it has become one of the largest financial service groups in the world. It provides banking services for individuals, corporate houses and institutions. The headquarters of Royal Bank of Scotland is in Edinburgh, Scotland. The bank is a part of retail banking subsidiaries of the Royal Bank of Scotland Group and along with NatWest and Ulster Bank, provides branch banking facilities in the United Kingdom. The Royal Bank of Scotland and the Royal Bank of Scotland Group are completely separate from the Bank of Scotland, which was established in 1695 and is also based in Edinburgh, Scotland.
The Royal Bank of Scotland has around 700 branches, mainly in Scotland. The bank has a number of branches spread in many large towns and cities throughout England and Wales. The Royal Bank of Scotland Group provides a strong support to large enterprises, including multi-national corporations (MNC) and financial institutions. It offers integrated consumer and business banking services including transaction banking, risk management, investment banking, private banking and asset management. In the year 2007, the Royal Bank of Scotland Group strengthened its global presence through purchasing several parts of the Dutch bank, ABN AMRO, including their businesses in India.
Presence in India
The history of Royal Bank of Scotland in India goes back to 1921. Since then, the bank has expanded significantly across the country, with more than 3,000 staff in Kolkata, Mumbai, New Delhi, Chennai, Pune, Baroda, Hyderabad, Bengaluru, Noida, Gurgaon and Surat branches. There are total of 28 branches throughout the country with 1.3 million customers.
Products and Services
The Royal Bank of Scotland has several extensive operations in Mumbai, Delhi and Chennai and plans to be a major competitor in the Indian market. Using its global reach and expertise of research team, sales and trading, equity capital market and mergers & acquisitions (M&A) advisory professionals, the bank has made some of the biggest and most innovative landmark transactions in India for the corporate and institutional clients. The bank is also providing a wide range of services such as transaction banking, fixed income and foreign exchange products and services, including sales and trading, fixed income origination, derivatives, structured lending and commodity financing.
Apart of these services, the Royal Bank of Scotland is providing a diverse range of product offerings including personal loans, credit cards, savings accounts, financial planning, investment and insurance services, which will significantly meet the daily financial needs of over a million personal banking clients in India. The bank's asset management segment in just two years of its initial operations in the country has emerged to be amongst the fastest growing asset managers. The bank is looking forward to being a leading player in the Indian asset management industry. With the help of its comprehensive research and diverse range of investment products, the bank is offering clients investment options in fixed income, equities, money markets and structured products.
NRI Oriented Services
The Royal Bank of Scotland's NRI Services provides premium and exclusive banking service to its customers in India. It offers a personalized service based on careful understanding of needs as a Non Resident Indian (NRI), helping you before leaving India, while you are abroad and when you plan to return to India.
The Royal Bank of Scotland N. V
KRM Towers, No. 1, Harrington Road,
Chennai - 600031