Why do so many MNC banks give up pursuit of retail El Dorado in India?

A few years later in 2007, ABN Amro, which had acquired Bank of America’s retail business in 1998, sold out to RBS following a global deal. In the last decade, Deutsche Bank, ING, RBS and HSBC sold significant portions of their retail businesses in the country.

from Banking/Finance-Industry-Economic Times https://ift.tt/2QuaUly