RBS Private Banking India, the Indian private banking arm of the Royal Bank of Scotland Group, has launched Credit Solutions offering, a portfolio collateral-based lending service to clients.
The Credit Solutions offering is for clients who are looking at leveraging their existing assets for creating liquidity for personal, investment or business purposes.
The platform is based on collateral that include equities, bonds, debentures, mutual funds and fixed maturity plans combined with a range of lending products which include overdrafts, term loans and guarantees.
Introduction of this service brings the product range of RBS Private Banking in India in line with its international wealth management businesses in London, Switzerland, Singapore and Hong Kong and to the same standard.
“We expect a keen response from our clients to the Credit Solutions offering,” Mr Gupta added.
Mr Prateek Pant, Director, Products & Services, said: “This service provides solutions specifically designed to meet the needs of our clients while offering comprehensive collateral acceptance and appropriate interest rates.”