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india: HSBC pledges India wealth commitment over Michelin star meal

HSBC announced that it is returning to private banking in India, where it had exited eight years ago. HSBC saw invested assets in India triple in 2022, growing its non-resident Indian customers 9% over the same period. The firm announced plans to recruit over two dozen wealth bankers for this fresh effort. HSBC s India private banking operation is aimed at professionals, entrepreneurs, and their families with investable assets of over $2mn. Wealth management business contributes over 1/3 of HSBC s overall pretax profit. ....

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