HSBC to close nearly half its India branches, focus on digital banking

HSBC to close nearly half its India branches, focus on digital banking

A Swiss International aircraft flies past the HSBC headquarters building in the Canary Wharf financial district in east London February 15, 2015. REUTERS/Peter Nicholls

HSBC Holdings Plc. will nearly halve the number of branch in India to 26 from the current 50 and turn its focus to retail banking through digital channels, the lender said on Thursday.

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