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HSBC News

Switzerland set to transfer details of Indian account holders in HSBC

The Indian Express has learnt that around six weeks ago, individual Indian account holders received communications from the FTA that the Indian request for banking details meets the requirements specified in the DTA (double taxation agreement) signed by the two countries as well as of the 2012 Federal Act on International Administrative Assistance.

Standard Chartered to stop financing new coal-fired power plants

Standard Chartered said its existing commitments were excluded from its new policy on coal energy. It currently has 14 project financing facilities in seven markets, which fund coal-power stations.

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Rising costs and US settlement crimp HSBC's first-half profit

Shares in Europe's biggest bank dipped in London as investors and analysts await clearer signs of progress in the new HSBC management's strategy.

HSBC case: ED seizes Rs 21 crore assets of Dabur director

The assets have been seized in lieu of those held abroad by Dabur group director Pradip Burman, ED has said.

HSBC InvestDirect settles proceedings with Sebi

This was also approved by Sebi’s panel of whole-time members, after which the brokerage firm remitted the amount.

Jayant Rikhye appointed HSBC India CEO

Rikhye joined the bank’s India operations in 1989 and his last assignment included being the international head for Asia-Pacific.

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India likely to be 3rd largest economy by 2028, says HSBC report

Demographics and macro stability were pointed out as key strengths for the country by brokerage. Its estimates show India will be $ 7 trillion economy in 2028, compared to less than USD 6 trillion and USD 5 trillion for Germany and Japan, respectively.

'GDP growth to slow down to 6 percent in Q1, better to track GVA'

"This increase in subsidy payout could depress NIT, only to sharply reverse over the next few quarters. All else being equal, it could also lead to the GDP growth print coming in lower than the GVA growth print for the April-June quarter," it said.

RBI to maintain 'prolonged pause' before next rate cut: HSBC

The brokerage attributed the jump in inflation numbers to rising vegetable prices, but underlined that core inflation excluding food, fuel ticked up after moderating for three straight months. 

HSBC says first half profit rose 5 percent, announces up to $2 billion share buyback

Pretax profit reached $10.2 billion in the six months through June, from $9.7 billion in the same period a year earlier, HSBC said in a statement. The result compared with the $9.5 billion average estimate of analysts polled by the bank.

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