The bank plans to cut about half of management and specialist roles in the business, while reductions among financial advisers could reach around 70%
The growth drive puts HSBC in more direct competition with larger local rivals including ICICI Bank Ltd. and Kotak Mahindra Ltd. for a slice of India's fast-expanding wealth pool
The two lenders in GIFT City, disbursed a combined $19.3 billion through RBI's concessional swap facility for foreign-currency non-resident deposits which ran from June till the end of August
HSBC is set to begin its search for a new CFO after Pam Kaur announced plans to retire in 2027. Here are the internal and external candidates in contention.
Such a move is aligned with the vision of Chief Executive Officer Georges Elhedery, who wants to bring the bank more in line with pay practices at American peers
At the same time, regulators in Europe, the US and Asia have come around to the view that many companies won't be able to report net zero emissions by mid-century without access to a functioning
One of the main tasks for Quinn after he took over was to improve returns for shareholders, and he sought to do that by shrinking the bank's footprint in non-profitable markets
Investors have cited several obstacles to obtaining an onshore permit in India, including heavy documentation process, margin requirements for trading, barriers to freely move money out of the country