What is the full form of RBS?
The full form of RBS is the Royal Bank of Scotland. RBS is a major retail and commercial bank in Scotland. It is one of the retail banking subsidiaries of the NatWest Group, along with NatWest in England and Wales and Ulster Bank. Although there are divisions in several larger cities and towns across England and Wales, there are about 700 RBS branches, mainly in Scotland. The bank is completely distinct from the Bank of Scotland, a fellow bank of Edinburgh, which is 32 years older than the Royal Bank.
The RBS was created in 1724, to include a bank with strong Hanoverian and Whig ties. In 2019, the bank became a direct subsidiary of NatWest Holdings as a result of the ring-fencing of the core domestic business of the group. NatWest Markets is the group’s investment banking division. The former RBS entity was retitled NatWest Markets in 2018 to give a legal form and Adam and Company, which carried a different PRA banking license was changed to The Royal Bank of Scotland, with Adam and Company remaining in Scotland as an RBS private banking brand, along the same lines as Messrs. Drummond and Child & Co. firms in England.
Service offered by RBS
- RBS offers personal, commercial and business clients an entire array of insurance and banking facilities.
- Since 1946, RBS has also started mobile branches utilising transformed vans to cater to rural communities, besides the traditional divisions, telephone, and online banking. Presently, 19 mobile branches exist.
- The bank is approved by the Prudential Regulation Authority and regulated by both, Financial Conduct and the Prudential Regulation Authority.
- RBS actively participated in the Faster Payments system, an initiative launched in 2008 to accelerate certain payments.
- The RBS Group undertook the first trial of contactless PayPass credit and debit cards in Europe in 2006.
- The RBS and NatWest incorporated hand-held devices in 2007 for use with a card to approve online transactions in an attempt to improve protection.
Another full form of RBS in medical terminology
Another full form of RBS is the Random Blood Sugar (RBS) Test. A random blood sugar test tests the blood sugar level at any time of the day randomly. It is a test performed beyond the regular testing schedule. A level of 200 mg/dl or higher is an indication of diabetes mellitus.
Why must one consider RBS test?
The main purpose behind random blood sugar tests is to inspect random blood sugar levels. Having a random blood sugar range of 200mg/dl or more is a clear sign of the presence of diabetes mellitus. With the diagnosis of diabetes, random blood sugar test helps in the timely treatment of the disease via monitoring during and after the treatment. A doctor can prescribe an RBS test if the person is suffering from symptoms that are listed below
- Unintended Weight loss
- Dehydration and dry mouth
- Slow healing of the wound
- Blurry vision
- Frequent urination
The procedure of the test
RBS test procedure
This random glucose test is a quick test that a doctor or nurse can carry out at short notice in their office or clinic. The patient does not need to fast beforehand. The test demands a small sample of blood that the doctor or nurse will take using a needle.
Results of the test
A random blood sugar lab test is a handy tool to keep track of the blood sugar level. The sugar levels vary between before eating and post meals. The values may vary from one person to another. Based on standard values, the sugar levels are determined.
- A person with a reading of 200 mg/dl and above is an indication of diabetes.
Comments