Barclays sold out its retail interest in India to Stanchart last week. Seemingly however., all's not well as HSBC RBS still awaits the regulators directions on how to manage with license transfers unlikely etc. Int he SCB Barclays deal the thorn is the status of Barclays card accounts as only 150,000 o f the 300k members it had on rolls were sold ot Standard Chartered. Assuming that the Emrging markets specialist SCB did purchas erthe active accounts it means that most likely all the other 150k accounts are delinquent and not expected to be remunerative to the bank as the 150k sold were by themselves sold out at a not very expensive price for the buyer

 

Posted via email from The India Investment Post