‘We are in growth, customer acquisition, and balance-sheet expansion mode’
HSBC India | SMEs | IL&FS
Last Updated at June 14, 2022 06:02 IST
HSBC India’s Chief Executive Officer Hitendra Dave
HSBC wants to fortify its position as a full-service foreign bank in the country. It recently got the Competition Commission of India’s nod for acquiring L&T Mutual Fund for $425 million — the global financial conglomerate’s largest inorganic move after it gobbled up IL&FS Investsmart for Rs 1,311 crore over a decade ago. HSBC India’s Chief Executive Officer Hitendra Dave spoke to Raghu Mohan on the business model and the scope and scale of the group’s ambitions. Edited excerpts:
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First Published: Tue, June 14 2022. 06:02 IST