RBS to move jobs to India

British lender Royal Bank of Scotland reportedly revealed its plans to cut 443 jobs dealing with business loans and move many of them to India. The cuts were part of a restructuring aimed at becoming a smaller bank, the Edinburgh-based bank reportedly said.However, the bank in a statement said, “All roles which require customer contact will remain in the UK.” The bank was rescued with a 46 billion pound state bailout during the 2007-09 financial crisis, say reports.

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