Hong Kong and Shanghai Banking Corp. (HSBC) on Friday said it will shutter its private banking business in India through which it provides asset-management services to wealthy individuals.
The decision was taken after a review of the bank’s global private banking business in India, as HSBC felt these customers cab be served by its Premiere banking services, which serve customers with a business relationship worth Rs.25 lakh every year, according to Bloomberg.
“The decision to shut...
HSBC to close down India private banking business
The decision was taken after a review of the bank’s global private banking business in India, as HSBC felt these customers cab be served by its Premiere banking services, which serve customers with a business relationship worth Rs.25 lakh every year, according to Bloomberg.
“The decision to shut...
HSBC to close down India private banking business