The partnership will enable real-time foreign exchange rates for cross-border UPI payments, allowing users to view the exact rupee amount payable at the point of transaction
NPCI has partnered with HSBC India and JP Morgan Payments to enable real-time foreign exchange conversion and settlement for international UPI transactions, making overseas payments more transparent
The transaction marks one of the first acquisition financing deals executed by a private or foreign bank under the RBI's revised framework for bank-funded acquisitions
Growth was driven by stronger domestic demand and new orders, even as export growth weakened and cost pressures remained elevated
Anand, a veteran banker with 25 years of experience, will oversee HSBC's global India private banking franchise across India and key international hubs
HSBC has cut India to underweight, citing inflation risks, high energy prices and weak demand outlook, warning of potential earnings downgrades and subdued foreign inflows
HSBC India's CY25 pre-tax profit rose 10.5% to $1.9 billion, led by strong corporate banking performance, as India became its second-largest Asian profit contributor after Hong Kong
Companies recruit additional staff and scale up output as sales improve
Silver moving through the $90/oz mark, believes Nigel Green, chief executive officer of deVere Group, a global consulting firm that has $14 billion in AUM, marks a decisive shift in market psycology
IPOs falter, Jakarta tops Tokyo, tourism patterns shift, temperatures rise, and China sets solar and tech records
India's factory activity grew at its slowest pace in 24 months in December as output and new orders softened, though the PMI stayed above the expansion threshold
Foreign portfolio investors have sold $16.8 billion worth of Indian equities in 2025 so far, putting the market on track for a record year of outflows
Light FPI positioning seen as bullish sign as HSBC, Goldman turn overweight India
HSBC launches Innovation Banking in India with $1B non-dilutive capital to help startups scale and retain equity
Bank financing of M&As will be like any other business and only needs guardrails
The primary reason for the underperformance of the Indian market in the past year, according to analysts, is weak domestic growth
Services led the growth, with activity hitting a record 65.6, while manufacturing preliminary PMI climbed to 59.8 in August, its strongest level since January 2008
Along with the 25 per cent tariff in effect, the US had imposed an additional 25 per cent penalty on India for importing crude from Russia
India's services PMI rose to 60.5 in July, the highest in 11 months, led by strong international sales, new orders and demand from Asia, Europe and the US
In Asia, HSBC India's PBT is the second highest after Hong Kong. In the half year ended June 30, 2024 (H1CY24), the India arm of the UK-headquartered bank had reported a PBT of $798 million