Rana Kapoor of Yes Bank

What am I bid for 31 Indian bank branches? A little more today than yesterday, perhaps, given news that upstart Yes Bank could be in the market for the residual retail operation that Britain’s RBS is still trying to off-load, following its decision to shrink the business.

The decision of the fast-growing newcomer to enter the fray may yet come to nothing — but even if it does, the continuing absence of interest from other foreign banks in picking up RBS’s leftovers remains even more intriguing. Read more