 "banks")
Foreign banks are increasingly shrinking their presence in the country but their India footprint tells only one part of the story. To track their business exposure to the country, Business Standard also looked at the India-linked credit and investment exposure they hold outside the country. This is bigger than the loan and investment book in India.
While interest earnings are the mainstay, the banks are also active in derivatives and treasury operations, adding substantially to their other income. Major developments:
While interest earnings are the mainstay, the banks are also active in derivatives and treasury operations, adding substantially to their other income. Major developments:
- In May 2016, HSBC scaled down its retail presence in India — from 50 branches across 29 cities to
