RBS was operating through 10 retail bank branches across India. “The Global Hub India business that operates across India will continue to provide strategic support to the bank and to its customers and will continue to deliver vital bank functions for the RBS global network,” the bank added in its release.RBS has been in the process of shrinking its business in India. In May 2013, the lender had announced it had started the process of consolidating its retail and commercial banking business in India. As a result, RBS had shut 23 of its 31 branches in India.RBS India business was acquired from ABN Amro in 2007. But after the financial crisis, RBS decided to focus on its core strength – institutional and corporate banking and sold off its banking operations in six countries to Australia’s ANZ in 2009. Indian assets were excluded due to concerns on regulatory approvals.Later, it managed sell its credit card business and mortgage portfolio to Ratnakar Bank in 2013 and its private banking arm in a management buyout in September last year. Sanctum Wealth, a firm led by Shiv Gupta and backed by a clutch of venture capital investors, bought out the wealth management business of RBS, taking control of the management of assets worth nearly Rs 12,000 crore.