Hitendra Dave

In an MC Exclusive, HSBC India CEO Hitendra Dave speaks to Bodhisatva Ganguli about HSBC India's ambition, on its wealth, premier proposition, globality and much more. Watch the entire interview of Hitendra Dave who believes that HSBC is banker for the affluent, for the wealthy and for the internationally oriented.

Don’t see the need for rate cut as yet in India: Hitendra Dave, CEO, HSBC India

While rate cuts are widely expected, the relevant issue is where is the terminal rate, says Dave

RBI initiatives a recognition of long-term solutions: Experts

RBI's open market operations wouldn't be flooding the system with excess money. The policy is a big structural change, says Hitendra Dave, Head Of Global Banking & Markets, HSBC India.

Permanent liquidity key for solving banks' cash deficit woes

The RBI will need to figure out the best time to either ease or tighten liquidity and decide on the right tools for injecting more money into banks, say Hitendra Dave, Head of Global Banking & Markets for India at HSBC and Neeraj Gambhir, Managing Director & Head-Fixed Income at Nomura India

Decoding Q4 GDP: What it says, and doesn't

Even as fourth quarter GDP for the Indian economy came in at 7.5 percent, a data point that stood out is gross value added (GVA): at 6.1 percent growth.

See no immediate rate cut, RBI may wait for 2-3 mths: HSBC

One cannot make a case for an immediate rate cut because RBI's comfort on inflation will be key for rate cuts; maybe it is likely to wait for 2-3 months more before embarking on a cut, feels Hitendra Dave of HSBC.

Rupee to stay stable ahead, Nifty rangebound: HSBC India

On Friday, the CSO said it sees the economy growing at 4.9% in FY14. Hitendra Dave of HSBC India is not concerned whether there will be an upside or a downside bias to this figure, but says the larger message that the market will be looking for is whether growth has bottomed out and that increasingly appears to be the case.

Rupee fall not data-based but due to weak sentiments: HSBC

According to Hitendra Dave, the RBI has to recognise that the current weakness in currency is not data-based but on persisting poor sentiment from June-August. Once they bridge that gap, the fear of India being at the forefront of the weak currency list, will cease to exist.

See 25 bps repo rate hike; growth forecast trimmed: Nomura

Sonal Varma, Chief Economist at Nomura India, is expecting a 25 bps repo rate hike on October 29, followed by another 25 bps hike. She further expects the RBI to cut its growth forecast from 5.5 percent to 5 percent.

Rajan's policy will not have false optimism or pessimism

what we might get at the policy date is a communication of the Indian economy going through a difficult time . The main determinant of the policy direction in terms of any change would be how the forex market is behaving between now and then, how the Fed lays out its plan.

Mkt sentiment far worse than fundamentals currently: HSBC

In an interview to CNBC-TV18, Hitendra Dave of HSBC India says the market is not reflecting the improvement seen in trade deficit numbers.

Cautious optimism ruling mkt; FIIs upbeat on equities: HSBC

Hitendra Dave, MD of HSBC India believes the mood can be best described as cautious optimism stemming from the positive news flowing from the government and policymakers.

EU's seperation of debt, PM baton to boost mkts: Experts

CNBC-TV18‘s banking editor Latha Venkatesh discusses with Hitendra Dave of HSBC and Paul Mortimer Lee, economist from BNP Paribas various perspectives on Europe, the global markets and the Indian econnomy.

Chances of QE3 replacing QE2 are quite low, says HSBC India

The US Fed's second round of quantitative easing is set to end in June. Hitendra Dave, Head - Global Markets at HSBC India says that a possible third round of QE is very low.

How much will bond market be hit, if RBI ups rates?

In the past month the RBI has moved a bit more to breathe life into India's comatose bond market. It has allowed 91-day T-bill based interest rate futures. It has also announced draft rules for credit default swaps, which allows bond investors to buy protection.

Re unlikely to fall sharply, to trade in narrow range: HSBC

In an interview with CNBC TV18`s Latha Venkatesh, Hitendra Dave, managing director (MD) & Head-Global Markets, HSBC India gave his readings for the curreny and bond markets.