Standard Chartered Bank India, AXIS Bank Limited, Romesh Sobti led by IndusInd Bank Limited are reportedly looking to acquire Retail and Commercial Banking Business in India from The Royal Bank of Scotland Group plc (LSE:RBS), said two people familiar with the development. It is looking for buyers for its assets worth INR 30 billion, for the third time in four years as the previous attempts failed. "The bank has decided the scope of the sale and it will include its deposits, mortgages and some part of its small and medium enterprises business," said one of the bankers aware of the development, but did not want to be identified. RBS did not respond to an e-mail seeking comments and Standard Chartered declined comments. Axis Bank did not respond to emails either.

Indusind Bank Limited has informed the that the company has fixed book closure from June 19, 2013 to June 28, 2013 for the purpose of for payment of dividend of INR 2.20 per equity share for the financial year ended March 31, 2012, if approved at the ensuing AGM of the bank.

IndusInd Bank Limited announced audited earnings results for the fourth quarter and year ended March 31, 2013. For the quarter, the company reported interest earned of INR 18,227.7 million compared to INR 14,810.2 million a year ago. Income on investments was INR 3,313 million compared to INR 2,700.2 million a year ago. Total income was INR 21,906.6 million compared to INR 17,730.7 million a year ago. Operating profit before provision and contingencies was INR 5,434.5 million compared to INR 3,790.9 million a year ago. Profit from ordinary activities before tax was INR 4,616 million compared to INR 3,331 million a year ago. Net profit for the period was INR 3,074 million compared to INR 2,233.8 million a year ago. Diluted EPS before and after extraordinary items was INR 5.78 compared to INR 4.69 a year ago. Return on assets was 1.77% compared to 1.60% a year ago. For the year, the company reported interest earned of INR 69,832.3 million compared to INR 53,592 million a year ago. Income on investments was INR 12,825 million compared to INR 10,782 million a year ago. Total income was INR 83,461.9 million compared to INR 63,709.8 million a year ago. Operating profit before provision and contingencies was INR 18,394.6 million compared to INR 13,730.3 million a year ago. Profit from ordinary activities before tax was INR 15,763.6 million compared to INR 11,926.5 million a year ago. Net profit for the period was INR 10,611.8 million compared to INR 8,026.1 million a year ago. Diluted EPS before and after extraordinary items was INR 21.40 compared to INR 16.86 a year ago. Return on assets was 1.63% compared to 1.57% a year ago.