HSBC to shut down private banking business in India

HSBC to shut down private banking business in India

People walk past the head office of HSBC bank in Mumbai November 20, 2008. REUTERS/Arko Datta/Files

HSBC Holdings Plc will shut its private banking business in India, a spokesman said, marking the exit of another foreign bank from the cut-throat business in Asia’s third-largest economy.

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