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Rabo Troika On Fast Track To Bank Launch

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Anusha SubramanianGeorge Smith Alexander BUSINESS STANDARD

The consortium of Rabobank Nederlands, Ashok Kapur and Rana Kapoor has zeroed in on consultants for technology and human resources planning for the private bank that they plan to set up.

The promoters are moving at a fast pace towards a July-August launch to meet the Reserve Bank of India (RBI) deadline of early August.

Rabobank will have a 49 per cent stake in the new bank, while the Indian partners will own the remaining. The promoters have short-listed three names for the new bank.

Ambience Advertising has been mandated by the bank for designing a logo and undertaking the branding exercise, while. two to three other agencies are also pitching.

 

Ambience chief operating officer Ashok Kurien said,

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First Published: May 16 2003 | 12:00 AM IST

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