Slaughter and May, Hong Kong, advised Ratnakar Bank Limited ('RBL'), one of India's fastest growing private sector banks, on English law aspects of their acquisition of RBS's business banking, credit cards and residential mortgage businesses in India. The acquisition is subject to approvals from the Competition Commission of India ('CCI').
 
RBL was established in 1943 and is a US$2.5 billion domestic commercial bank with 131 branches and 217 ATMs across 11 Indian States. It offers services across five business sectors and serves more than five hundred thousand customers.

Luthra & Luthra Law Offices acted as lead legal counsel to Ratnakar Bank.

CONTACTS
David Watkins (partner), Laurence Rudge (partner), Tanya de Villiers (associate)