Expansion● Neutral for HSBC

HSBC targets affluent Indian clients, intensifying competition with local banks

4 sources · first seen 07:00 28 Sept · updated 08:41 28 Sept

The brief

Written from 4 reports · check the source before you trade

HSBC is stepping up its India push to drive growth among affluent clients
The move puts it in more direct competition with ICICI Bank and Kotak Mahindra
More competition for affluent customers puts ICICI Bank and Kotak Mahindra in focus

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HSBC1 today ICICI Bank₹1,326.80 · 1 today Banks67 today Kotak Mahindra Bank₹404.00 · 1 today

Linked by the tag Kotak Mahindra Bank

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Part of a developing story2 updates over 5 days

HSBC's return to Indian stockbroking

HSBC plans to re-enter India’s stockbroking market after 13 years, aiming to launch within months and target high-net-worth individuals amid an IPO boom. A later report described a broader push to attract affluent clients and fuel growth.

Monday, 28 September

07:004 sourcesYou are here
HSBC targets affluent Indian clients, intensifying competition with local banks

Thursday, 24 September

12:593 sources
HSBC plans to re-enter India’s stockbroking market after 13 years

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Read the reports

4 reports · earliest 07:00

BloombergHSBC Makes Big Push for Affluent Clients in India to Fuel Growth07:00 MoneycontrolHSBC makes big push for affluent clients in India to fuel growth07:43 Business LineHSBC makes big push for affluent clients in India to fuel growth08:17 Business StandardHSBC makes big push for affluent clients in India to drive growth08:41