Page 7 - Hsbc

HSBC partners Tata Motors for EV financing solutions for salaried accounts

HSBC India has teamed up with Tata Motors for financing the purchase of the latter's electric vehicles by the employee working in the corporate sector. Under the collaboration, consumers holding a salaried account with HSBC India will get a chance to apply for a tailor-made loan to purchase an electric vehicle from Tata Motors' EV portfolio, the domestic auto major said in a statement. Besides, the customers will be able to apply for a loan with zero down payment, no hypothecation, low processing fee and no documentation charges, among others, making vehicle financing simple and easier, it added. Moreover, as an added advantage, customers opting for this loan will also get a special accessory kit for the EV purchased from Tata Motors, the company said. "We are partnering with HSBC India as we work towards accelerating the mass adoption of sustainable mobility in the country. With over 85,000 EVs on the road, Tata Motors is the leader in this fast-growing segment. "Our new-age vehi

Foreigners feel more welcomed in India than Indians in their country: Study

Globally, it took international citizens on average 8.3 months to feel like they belong in their new location abroad: HSBC Research

Reserve Bank of India imposes penalty worth Rs 1.75 crore on HSBC

Earlier in April, the central bank had imposed penalties totalling Rs 44 lakh on four cooperative banks

HSBC agrees to buy its China fund management joint venture partner

HSBC, which currently owns a 49% stake in HSBC Jintrust Fund Management, has signed an agreement with Shanxi Trust under which the Chinese state-owned company will sell its 51%

Portfolio created by ChatGPT reports better returns than top funds in UK

The names included in 'top funds' are Terry Smith's Fundsmith Equity, , Fidelity and HSBC

HSBC's London office shortlist includes former Goldman Sachs headquarters

The shortlist has not yet been finalized and HSBC may also choose to stay at its existing HQ and carry out a refurbishment while remaining in occupation, sources said

Now boarding: Is India on the cusp of a tectonic shift in retail credit?

First-time customers are emerging as a huge catchment area for retail finance, but dangers lurk in the nooks and crannies

4 reasons why HSBC thinks Zomato is a great buy at the current levels

HSBC said, Zomato has seen an improvement in the market share it lost to Swiggy, thanks to the launch of Zomato Gold

SVB fallout: Present imperfect, future tense for Indian start-ups

Though many of them expect limited near-term impact, lack of SVB-like support system may pinch them later

Bailout or not?

Ad hoc steps to stop banking contagion may have implications

HSBC's pre-tax profit jumps 15.04% to $1.277 bn in India for 2022

Foreign lender HSBC on Tuesday reported a 15.04 per cent jump in its pre-tax profit from operations in India at USD 1.277 billion for 2022. The bank had reported a pre-tax profit of USD 1.11 billion from its operations in India, which continues to be fourth largest contributor for group profits, in 2021. It has added 1,000 people to its India headcount in 2022, to take the total employee strength to 39,000, its biggest in any market. The bank, like many peers in the foreign lenders space, has huge back office operations in India. In a statement, the bank said it has become the largest foreign lender in the country by both advances and deposits as of March 2022. It also handles 9 per cent of traded forex and 15 per cent of foreign investor custody assets. Among its business lines, the largest segment of global banking and markets saw an uptick in profit before tax at USD 622 million in 2022 up from USD 593 million, while the commercial banking segment delivered profit before tax of

India Inc looks to plug into EV-charging infrastructure at work

Logistics player FedEx is converting its parcel pickup and delivery fleet into zero-emission vehicles by 2040

Most of the upside will come from earnings growth: Herald Van Der Linde

"We expect a lot to go in the right direction for India. These include bad loans declining, consumption recovering, and investments rising"

Reserve Bank of India, Japanese regulator hold talks on clearing houses

Dialogue on clearing houses come after CCIL derecognition by ESMA, BoE

HSBC to sell Canada business to RBC for $10 billion, says report

The sale comes as HSBC pursues a strategy of focusing its resources on its core markets, amid pressure from its biggest shareholder Ping An to improve its performance

India, EU regulators standoff over clearing houses to affect BNP to HSBC

Recent changes in European Market Infrastructure Regulation demanded that ESMA must establish cooperation arrangements with countries that has their own central counterparties

Strong Q2 results drive earnings, target price upgrades for SBI, BoB

Analysts see up to 31 per cent and 17.6 per cent upside in SBI and BoB's stock, respectively, from a one-year perspective

Bank of Baroda Q2 results preview: Here's what key brokerages expect

Bank of Baroda Q2 preview: Treasury income is projected just at Rs 100 crore, down 92 per cent YoY from Rs 1,221 crore.

HSBC names Georges Elhedery as new CFO, potential CEO-in-waiting

The sudden elevation of Georges Elhedery, 48, at HSBC comes after he took a six-month sabbatical in January

HSBC Q3 profit slumps 42% on France sale charge, rising bad loans

HSBC reported on Tuesday a 42% tumble in third-quarter pretax profits on the back of losses on the sale of its French unit and rising bad loans, but its interest income surged