Royal Bank of Scotland is very near to hit a deal worth £200 million to sell off its Asian assets. As per a confirmed report, Royal Bank of Scotland has been considering to sell off its assets in India, China and Malaysia to Standard Chartered.

The Guardian reported that Royal Bank of Scotland and Standard Chartered might hit the £200 million deal in the recent future. A source told the Guardian, on the condition of anonymity, "Standard Chartered is currently the frontrunner in this auction." The source also said that HSBC was also in the race but it was lagging behind. The Guardian reported that Royal Bank of Scotland, which is now majority-owned by the British government, and Standard Chartered might hit the £200 million deal in the recent future.

It may be noted here that ROYAL Bank of Scotland's CEO Stephen Hester wants to leave no stone unturned to streamline the bank, which is the victim of the recent economic downturn.