Abu Dhabi-Mubasher: National Bank of Abu Dhabi (NBAD) signed an agreement with Royal Bank of Scotland (RBS) to buy its offshore loan book in India for $900 million, according to the bank’s statement posted Sunday.

The agreement will be effective as of the third quarter of 2015 after getting necessary approvals.

NBAD earlier posted profits of AED 4.195 billion ($1.142 billion) in the first nine months of 2015, down 0.23% from AED 4.21 billion in the same period of 2014.

In the third quarter of 2015, profits fell 3% to AED 1.33 billion from AED 1.37 billion in Q3-14.