With effect from 24 June, 2019 the India branch of The Royal Bank of Scotland plc has received approval from the Reserve Bank of India to rename to NatWest Markets Plc.
The UK Government passed ring-fencing rules, which required UK banks to separate their retail and investment banking activities by January 1, 2019. To comply with this legislation, during 2018 The Royal Bank of Scotland Group plc (RBS Group) reorganised its group legal entity structure and business model to operate with a ring-fenced bank sub-group structure (NatWest Holdings Ltd) and three licenced banks outside the ring-fence, which includes NatWest Markets Plc. You can find out more information about this at www.natwestmarkets.com/ringfencing.

In readiness to operate as a non ring-fenced bank, The Royal Bank of Scotland plc was renamed to NatWest Markets Plc on April 30, 2018. The branch in India, which will sit outside the ring-fence, has now received approval from the Reserve Bank of India (RBI) to rename to NatWest Markets Plc. Notification of the approval has been published in Part III, Section 4 of The Gazette of India on July 27, 2019.

For further updates and details please visit our website www.natwestmarkets.in directly, alternatively you will be redirected there shortly.