Hsbc List
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RBI imposes Rs 1.73 crore penalty on HSBC for non-compliance with Indian norms
Business | May 08, 2023, 10:45 PM ISTThe 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.
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HSBC Asia appoints former SBI chairman Rajnish Kumar as director
Business | Aug 30, 2021, 04:57 PM ISTKumar, 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.
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HSBC plans to sell its iconic building at Horniman Circle in South Mumbai
Business | Aug 13, 2020, 05:02 PM ISTHong 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.
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HSBC appoints Indian-origin strategy expert in United Kingdom
Business | May 31, 2020, 06:37 PM ISTLondon-headquartered HSBC has appointed an Indian-origin strategy expert to chart the bank’s growth plans in a post-pandemic scenario.
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HSBC reported to plan 10,000 job cuts globally
Business | Oct 07, 2019, 07:51 PM ISTHSBC 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.
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HSBC set to cut up to 10,000 jobs in drive to slash costs: Report
Business | Oct 07, 2019, 09:01 AM ISTHSBC 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.
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HSBC issues notice to IL&FS arm seeking its dues
Business | Jun 26, 2019, 09:06 PM ISTIn 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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These are the best countries to live and work in — and to boost your salary
News | Oct 11, 2018, 10:31 PM ISTThese are the best countries to live and work in — and to boost your salary
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GDP may grow to 7% in FY19 as GST impact wanes: HSBC
Business | Jan 24, 2018, 04:21 PM ISTIn 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.
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India likely to be world's third largest economy by 2028: HSBC report
Sep 17, 2017, 01:11 PM ISTIndia 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
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RBI to maintain prolonged pause before next rate cut: HSBC
Aug 16, 2017, 06:10 PM ISTInflation numbers have risen as expected and the Reserve Bank will go in for a prolonged pause before cutting rates again, said a brokerage report.
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I-T detects Rs 19,000 cr black money in ICIJ, HSBC cases
Jul 21, 2017, 07:24 PM ISTJaitley said that information on 628 Indian persons holding bank accounts in HSBC bank in Switzerland was received from the government of France.
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Being probed for abetting tax evasion in India: HSBC
Feb 27, 2017, 07:33 AM ISTTax 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.
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India expected to clock GDP growth of 7.1 pc in 2017-18: HSBC
Feb 02, 2017, 01:36 PM ISTIndia 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.
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Indian link in arrest of 2 HSBC execs in Rs 23,500 cr forex trading fraud
Jul 21, 2016, 09:44 PM ISTNew 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
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New 4G entrants to go commercial and boost Data consumption: HSBC report
Jul 13, 2016, 01:58 PM ISTMumbai: 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
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India obvious candidate to drive global growth: HSBC
Jun 10, 2016, 05:51 PM ISTIndia 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
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HSBC upgrades India to 'neutral'; targets Sensex in 2016 at 26,000
May 16, 2016, 03:48 PM ISTNew 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
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Zomato founder Deepinder Goyal rejects 50 per cent cut in valuation
May 10, 2016, 02:55 PM ISTNew 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
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HSBC's Swiss, Dubai arms under lens for tax evasion by Indians
Feb 22, 2016, 06:34 PM ISTLondon: 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