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'FCNR haul to power HSBC's India wealth, retail banking push'

HSBC forecasts that foreign currency deposits will significantly enhance its operations in India. By securing $14.5 billion through a special RBI swap facility, the bank aims to expand lending and wealth management services. The attractive leverage option of up to nineteen times has drawn in depositors. HSBC's strategy is to deploy these funds cautiously toward corporate lending and mortgage offerings.

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Economic TimesLean R·6h ago
'FCNR haul to power HSBC's India wealth, retail banking push'
HSBC forecasts that foreign currency deposits will significantly enhance its operations in India. By securing $14.5 billion through a special RBI swap facility, the bank aims to expand lending and wealth management services. The attractive leverage option of up to nineteen times has drawn in depositors. HSBC's strategy is to deploy these funds cautiously toward corporate lending and mortgage offerings.
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'FCNR haul to power HSBC's India wealth, retail banking push'

How 1 sources are covering this

'FCNR haul to power HSBC's India wealth, retail banking push'

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