RBS Private Banking India Launches New Bespoke Credit Solutions Product In India

Online, July 24, 2012 (Newswire.com) - RBS Private Banking India has launched a new bespoke credit solutions offering. This new offering will provide portfolio collateral based lending services to clients who are interested in leveraging their current assets for creating sufficient liquidity for meeting their personal, investment or business purposes. It is a new offering which is a significant addition to the current suite of wealth management services given by RBS Private Banking, which comprises of banking, investments and wealth planning.

The new offering will allow the bank to offer clients tailored lending solutions which would fit client requirements in a manner that is compliant with their local regulations. The platform is on the basis of collateral, which will include equities, bonds, debentures, mutual funds and fixed maturity plans combined with a wide range of lending products which comprises of overdrafts, term loans and guarantees.

As said by Mr. Shiv Gupta, Managing Director, RBS Private Banking India, "If we will look at the combination of products and services that form the portfolio of a typical HNW client's needs then we will see that credit enjoys an importance place in the mix. Whether it is available for short term liquidity generation or for ongoing investment leverage, our new credit solutions offering will considerably increase the flexibility that clients are having in the management of their assets. This flexibility, combined with the breadth of our platform, will bring for our clients one of the most comprehensive wealth management services in India today."

Moreover, the introduction of this service will bring the product range of RBS Private Banking in India in line with its international wealth management businesses in London, Switzerland, Singapore and Hong Kong. Added by Mr. Gupta, "We are expecting to get a keen response from our clients to the Credit Solutions offering."

Mr. Prateek Pant, Director, Products & Services, said: "We are committed towards providing our clients best in class wealth management solutions and our new launching is yet another move taken in this direction. This service gives concrete solutions which are specifically designed for meeting divergent needs of our clients, whilst offering comprehensive collateral acceptance and easy interest rates. The service is an extension of our global platform and portrays our commitment towards the Indian market where we see high potential."

About RBS Private Banking

RBS Private Banking is part of The Royal Bank of Scotland, whose wealth management division includes varied private banking businesses. It is known as one of the oldest and most respected private banks on a global map.

RBS Private Banking India has four offices, which are situated in Mumbai, New Delhi, Bengaluru and Chennai. From these four locations, it is providing clients with a vast and seamless wealth management solution, which cover virtually every aspect of their financial requirements, including banking services(such as home loan, car loan, credit card, etc.), investment services like equities, mutual funds, structured products and fixed income bonds, active advisory services, advisory tailored portfolio management services and wealth planning. The wealth planning service will be given through the group company, known as RBS Financial Services (India) Pvt. Ltd.