Sai Jai
Member
- Joined
- 5 Jan 2015
- Messages
- 39,352
- Reaction score
- 26,236
Mumbai: HSBC Holdings Plc is
shutting its private banking unit
in India, marking the exit of
another foreign bank from the
cut-throat wealth management
business in Asia's third-largest
economy.
"After a strategic review of the
global private banking operations
in India, we have decided to close
the business," an India
spokesman said on Friday. "This
marks further progress in the
HSBC group strategy to simplify
business and deliver sustainable
growth." Source: HSBC Says to Shut Down India Private Banking Business - NDTV.com
shutting its private banking unit
in India, marking the exit of
another foreign bank from the
cut-throat wealth management
business in Asia's third-largest
economy.
"After a strategic review of the
global private banking operations
in India, we have decided to close
the business," an India
spokesman said on Friday. "This
marks further progress in the
HSBC group strategy to simplify
business and deliver sustainable
growth." Source: HSBC Says to Shut Down India Private Banking Business - NDTV.com
