What does this merger mean for ABN Amros banking business in India?
RBS will acquire the banking business in India and Fortis will buy the asset management company. Neither RBS nor Fortis has a presence in India. Hence, it is business as usual. We operate from 28 branches in 21 cities and will continue to grow the existing businesses. On the wholesale banking side, we are one of the largest corporate banks in the world, post the merger, and these strengths will help us in India. On the consumer banking front, we have been very successful in the wealth management space, credit cards and personal loans business. We are also very bullish on the microfinance business, where we finance over 7,00,000 women.
