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Diamonds Forever – IndusInd Bank Bet Big On Diamond Finance Business

By       -   October 24th, 2015

IndusInd Bank will acquire Royal Bank of Scotland’s Rs 4,500-crore diamond and jewellery financing business and related deposit portfolio in India.


IndusInd has also entered into an agreement with Dutch bank ABN Amro NV to share skills on the diamond business as it looks to emerge a key player in this niche segment in the country.


IndusInd Bank specializes in the diamond and jewellery financing business and this acquisition will enhance its position.


This acquisition fits nicely into its strategy of creating scale with profitability in select business segments.


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