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Why HSBC is shutting India pvt banking business

Unlike mass banking, private banking is the dedicated banking services for high net worth individuals (HNIs). So what could be the reasons for shutting shop when India is the only bright spot in the world. We take a look.

Sensex ends 169 points up, Nifty at 7,942 even as Asian markets slump

The gains came after Prime Minister Narendra Modi's office said Modi was due to meet Congress party leader Sonia Gandhi on Friday evening.

Rupee closes at more than two-year low at 66.76

The rupee had last ended at 67.07 per dollar on Sept 4, 2013. The rupee has dropped by 44 paise or 0.66 per cent in two days.

HSBC to shut down India private banking business

"After a strategic review of the global private banking operations in India, we have decided to close the business," the Mumbai-based spokesman said.

Three reasons why Chinese markets cracked 5% today

The blue-chip CSI300 index slumped 5.4 per cent, to 3,556.99 points, while the Shanghai Composite Index plunged 5.5 per cent to 3,436.30 at close.

Sat Nov 28 00:27:08 IST 2015
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