RBS executive director for philanthropy services, wealth management division, Maya Prabhu, remarked: "We have started providing philanthropy services under wealth management in Britain from 2005. As India is one of our key international markets, we will soon provide this service to our clients under our wealth management portfolio."
She cited rising levels of prosperity and family-run businesses in India as a reason for philanthropy services being added in its wealth management segment.
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The blueprint for providing such services in India will be ready by June-July 2012.
Prabhu also added that the philanthropy services in India will be client-specific, with priority being given to education and health segment.
RBS in April 2012 had sold some of its businesses like cash equities, equity capital markets and mergers and acquisition in India and in 11 other countries in the Asia Pacific to the Malaysia-based CIMB Group for around US$120 million.
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