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Buyouts Still Tantalising For Foreign Banks: Abn

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BUSINESS STANDARD
Last Updated : Jan 28 2013 | 12:40 AM IST

The rational for acquisition of private banks remains despite the Union budget proposal to allow foreign banks to corporatise themselves, according to Romesh Sobti, executive vice-president and chief executive of ABN Amro Bank.

As foreign banks are allowed to set up subsidiaries, they expect to open branches at will and expand organically, Sobti said.

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First Published: Mar 07 2002 | 12:00 AM IST

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