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HSBC India News

04 Jul 2016

HSBC 'overweight' on India, 2016-end Sensex target at 28,500

Global brokerage firm HSBC on Monday upgraded India to the 'overweight' status, citing improving domestic indicators and more realistic earnings expectations.

19 May 2016

HSBC to close 24 retail banking branches in India, slash 300 jobs

The total number of branches will be coming down to 26 in 14 cities from 50 in 29 cities earlier, with a bulk of impact on presence in smaller centres.

17 Jan 2016

HSBC appoints Ravi Menon as CEO of Indian asset management arm

HSBC has appointed Ravi Menon as the chief executive of its asset management arm in the country, after the elevation of Puneet Chaddha as business head for South East Asia.

Naina Lal Kidwai

22 Dec 2015

Watch: Exclusive Chat with HSBC head Naina Lal Kidwai

HSBC Holdings Plc

27 Nov 2015

HSBC to wind up private banking business in India

Some 70 people working in the division headed by Shantanu Ambedkar will now be absorbed into the retail bank.

30 Sep 2015

HSBC India head Naina Lal Kidwai to retire on December 31

Kidwai joined the bank as Vice Chairman and Managing Director at HSBC Securities and Capital Markets in 2002 and was appointed as group general manager in 2006. She took over as chief executive of HSBC India in 2007 and as Chairman of HSBC India in 2009.

03 Aug 2015

HSBC pre-tax net dips 11% as key verticals fare poorly

The oldest foreign lender HSBC India today reported 11 percent dip in pre-tax profit for the January-June period at USD 335 million due to a fall in the merchant banking, retail banking and wealth businesses.

03 Aug 2015

HSBC India plans to launch 'green bonds' this year

"HSBC is the world's fourth largest issuer of green bonds. We are big player. We are working to get this in India. We are working with key authorities on this issue. Most probably we will launch this year," Kidwai said.

09 Jun 2015

Job cut to have minimum impact on India: HSBC

Even though British lender HSBC Tuesday announced a mega plan to improve performance by culling up to 25,000 jobs globally, the impact of the global exercise is expected to be minimal for its operations here and some surprise benefits may also come in.

15 Feb 2015

HSBC India at centre of fresh tax evasion claims

HSBC's Indian banking unit is at the heart of fresh revelations around tax evasion, days after a global expose showed tax dodging through accounts in the British major's Swiss banking unit, a media report said today.

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