Retail banking
HSBC Losing Money In India, China Retail Banking
HSBC Holdings Plc (HSBA.L), the largest bank in Europe, is losing money on operations in India and China retail banking, but we keep the business because the bank is the yuan and deposits in rupees, its CEO said Thursday. HSBC (0005.HK) CEO Stuart Gulliver spoke at the meeting of shareholders in Hong Kong. The lender [...]
Huge Strain on the Banking System
SBI chairman OP Bhatt on Monday said there will be a huge strain on the banking system in times to come . “While there are huge opportunities, the banking system is under a lot of strain. The profits and interest margins may strain, while low-cost resources, current and savings account (CASA) are also on a [...]