The Statutory Inspection for Supervisory Evaluation (lSE) of the bank was conducted by the RBI with reference to its financial position as of March 31, 2021, and the examination of the risk assessment report and all related correspondences pertaining to the same revealed, it noted.
Kumar, who retired from the country's largest lender after four decades of service in October last year, was previously appointed as senior advisor by Baring Private Equity Asia and an advisor to Kotak Investment Advisors.
Hong Kong and Shanghai Banking Corporation (HSBC) has put the iconic building at Mumbai's Horniman Circle for sale. Horniman Circle in Mumbai is an area that features majestic British-built building that are still in fine condition and are used by corporations for businesses.
London-headquartered HSBC has appointed an Indian-origin strategy expert to chart the bank’s growth plans in a post-pandemic scenario.
HSBC declined to comment Monday on a Financial Times report that interim chief Noel Quinn plans to seek immediate saving across the group. The newspaper described the cuts as an attempt to rein in costs by reducing its headcount among a staff of about 238,00.
HSBC Holdings Plc is planning to cut up to 10,000 jobs 'high paid' as part of a major cost-cutting drive as interim Chief Executive Officer Noel Quinn is seeking to reduce costs across the banking group, according to Financial Times reports published on Sunday.
In a fresh hit for the lending major IL&FS, Hongkong and Shanghai Banking Corporation (HSBC) has issued a notice to the former's arm ITNL Offshore Private Ltd asking it to pay 1 billion Chinese Yuan ($145 million).
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In a January 2 report, where it had first come out with the 7 per cent growth estimate for FY18, the bank had spoken about the note ban as the second factor apart from GST which had impacted the growth.
India is likely to overtake Japan and Germany to become the third largest economy in the next 10 years but needs to be consistent in reforms and focus more on the social sector, British brokerage HSBC has said
Inflation numbers have risen as expected and the Reserve Bank will go in for a prolonged pause before cutting rates again, said a brokerage report.
Jaitley said that information on 628 Indian persons holding bank accounts in HSBC bank in Switzerland was received from the government of France.
Tax authorities in India and other countries are probing HSBC Bank, including its Swiss and Dubai offices, for allegedly abetting tax evasion by four Indians and their families, the multinational lender has disclosed.
India is expected to clock a GDP growth of 7.1 per cent in 2017-18 as the country gets sufficiently remonetised and the schemes in the Budget play a supportive role, says an HSBC report.
New York/London: The arrest of two senior executives of HSBC in the alleged $3.5-billion or Rs 23,450 crore forex trading fraud case has found an Indian link. Two executives have been accused of doing
Mumbai: The data consumption per month among the customers of new 4G are expected to boom ahead in the coming months. This is revealed by the latest HSBC research report which says, "The 4G entrants
India is the "obvious candidate" to push global growth amid a lingering slowdown but it will need sustained GDP expansion to reach, by the middle of next decade, the share of world GDP that China had at the height of its boom in 2005, says an HSBC re
New Delhi: Global brokerage major HSBC has upgraded Indian equity markets to "neutral", saying "green shoots" are emerging and has increased its Sensex target for the year to 26,000 from 25,000. According to the financial
New Delhi: Disapproving claims made by HSBC's brokerage arm which slashed Zomato's $1-billion valuation by 50 per cent, the company's founder Deepinder Goyal said that it was unjustified. He refused to accept HSBC’s claim that
London: Armed with "sufficient evidence", Indian tax authorities have issued notices to global banking giant HSBC, warning of prosecution against its Swiss and Dubai arms for allegedly abetting tax evasion by four Indians and their
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