HSBC India is open to acquisitions to pursue growth, nothing imminent
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.
Wealth management and international and corporate proposition will be the key drivers of HSBC India, Dave tells Moneycontrol in an interview
The note says that while India's growth is stabilizing at a lower level, though still favourable, the earnings per share (EPS) growth is concentrated in the small and mid-cap space.
This funding will support the company's working capital requirements for its renewable energy business, both in India and internationally, a company statement said.
India was the UK’s 12th largest trading partner in the four quarters to the end of Q2 2023, accounting for 2.1 per cent of total UK trade.
Under the collaboration, consumers holding a salaried account with HSBC India will get a chance to apply for a tailor-made loan to purchase an electric vehicle from Tata Motors' EV portfolio, the domestic auto major said in a statement.
Speaking about his association with HSBC India, Virat Kohli said, 'I knew that the association would be very organic and natural and not be forced in any way.'
As part of the association, a multi-media campaign featuring Virat Kohli "will bring to life the value proposition of banking with HSBC", the company said.
At the mega summit on gender parity, the findings of an "exclusive FICCI and CNBC-TV18 survey on women in the workforce" will be released. Among the guests in attendance will be Union Minister Smriti Irani, G20 Sherpa of India Amitabh Kant and Navy Chief Admiral R Hari Kumar, along with global ambassadors and business stalwarts.
Tokenisation is a feature that enables users to make debit or credit card payments through a secure digital token attached to their phone without having to physically share their credit or debit card details.
Hitendra Dave joined the bank in 2001 in the Global Markets business and has risen through the ranks to his current role as MD & Head of Global Banking and Markets business, the dominant contributor to HSBC India’s PBT over the years.
In an interview to CNBC-TV18's Latha Venkatesh, Stuart Milne, Group General Manager & CEO HSBC India, said, "Creating a bad bank is one possible solution for resolution of non-performing assets (NPA's)". He says, India needs a strong banking system to fund growth.
CNBC-TV18's AB Ravi talks to Viju Jacob, MD of Synthite Industries to understand his vision & strategy. Also Sandeep Uppal, MD & Head, Commercial Banking, HSBC India shared his views on this business as a banker.
In this episode of HSBC Making It Big Season 7, CNBC-TV18‘s AB Ravi spoke to Anand Deshpande, CMD at Persistent Systems and Sandeep Uppal, MD and Head, Commercial Banking at HSBC India where they spoke about how Persistent Systems has emerged as the fastest growing mid-sized IT company.
In an interview to CNBC-TV18's AB Ravi, Sandeep Uppal, MD & Head, Commercial Banking, HSBC India assess two years performance of Modi‘ government and the major concerns for Corporate India.
In the one year-period, from May 16 2014 the Sensex gained 15 percent while the Nifty climbed 16 percent. However, the indices fell off the cliff soon as Modi's magic began to dwindle in the year BJP formed government with Narendra Modi as the Prime Minister.
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.
The bank source said that HSBC India will “work closely with (its) private banking clients to minimize the impact of this decisionâ€, by offering them a choice to move to HSBC Premier.
India Inc stalwarts believe there is a lot for both the countries to be gained from each other.
Naina Lal Kidwai, an MBA from Harvard Business School(HBS), has received the Padma Shri Award in 2007 for her contribution to trade and industry.
In the HSBC 'Expat Explorer 2015' survey, India ranked 10th on the family league table, which ranks each country using a score that summarises the expats' views concerning the family aspects of living in the adopted country.
Rajan Bharti Mittal, VC & MD, Bharti Enterprises said the biggest takeaway in the meet from an investor point of view was that credibility of the government is back.
The HSBC India head also noted that steps have been taken on the strengths that need to come to our public sector banks, adding that much still needs to be done.
Most bankers and experts believe that the possibility of an interest rate cut by the Reserve Bank on August 4 is very low as retail inflation remains high.