Polls could be a big swing factor for Indian market: HSBC

The Indian market has seen a modest gain of 8 percent in the current year, but underperformed significantly in US dollar terms as the Indian rupee depreciated sharply in the second half of the year, the company said.

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 plans to cut thousands more jobs

The bank said 3,166 UK positions would be affected, but 2,017 people would be redeployed, meaning 1,149 job losses.