Telecommunication companies only have payment licenses so they can only take deposits. They can´t lend. What´s happening in banking the world over - and I don´t think India is going to be an exception - is that banking services are being unbundled
Tag: RBS
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RBS in talks with YES Bank to sell retail assets
Royal Bank of Scotland (RBS) is in the early stage of discussion with private sector lender YES Bank to sell its India retail assets. The India retail and commercial operations accounted for less than 0.5 per cent of RBS' non-core asse