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

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.

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

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.

HSBC appoints Ravi Menon as CEO of Indian asset management arm

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.

Watch: Exclusive Chat with HSBC head Naina Lal Kidwai

Watch: Exclusive Chat with HSBC head Naina Lal Kidwai

Check out Zee Media's exclusive chat with Naina Lal Kidwai, Country Head, HSBC India.

HSBC to wind up private banking business in India

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.

HSBC India head Naina Lal Kidwai to retire on December 31

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.

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.

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.

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.

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.

RBI should pause rate hike, focus on growth: HSBC chief

HSBC India country head Naina Lal Kidwai has said the Reserve Bank needs to desist from hiking interest rates as growth has slumped to below potential.

HSBC evasive ongoing wholly-owned subsidiary way

Overseas lenders anyway do not wish to become a State Bank of India having a presence across the country with a large network, a top official from HSBC has said.

HSBC India profit dips; customer a/c sees over $500-mn plunge

According to the bank's interim financial report, its customer accounts balance in India fell to USD 9.85 billion as on June 30, from USD 10.41 billion at the beginning of 2013.

We would be lucky if interest rates stay flat: Kidwai

Consider yourself lucky if interest rates stay flat as it will be very hard for RBI to lower interest rates now, HSBC India Country Head Naina Lal Kidwai said on Tuesday.

HSBC fears 'significant' penalty in NRI tax evasion probe

The US tax department is investigating possible evasion of federal income taxes by the American residents of Indian origin through use of their accounts with HSBC India.

Subsidiary route: HSBC says ready to follow RBI norms

"We will move whichever way the RBI requires us to do," HSBC India Country Head Naina Lal Kidwai said on the sidelines of an event here, when asked if the bank will be fine with going the subsidiary way.

HSBC's India headcount dips for 4th straight year in 2012

Global banking giant HSBC saw its headcount in India decline by 2,000 persons in 2012, recording the fourth consecutive year of decreasing employee strength in the country.

'Investors want progressive, consistent regulations in India'

India needs to have a regulatory regime that is consistent and progressive in nature to find a place in the investment roadmap of foreign companies.

RBS to wind down retail, commercial banking in India

RBS had announced a deal more than two years ago in July 2010 to sell its Indian retail and commercial banking operations to HSBC.

HSBC issues first documentary credit in yaun to city drug co

The second largest foreign lender HSBC India on Friday said it has issued its first yuan-denominated documentary credit in the country for a Mumbai-based pharma firm, without naming the borrower.