Current Affairs - Banking - Discussion

HSBC India has been granted approval by the Reserve Bank of India (RBI) to establish 20 new branches across key cities, marking its largest expansion in over a decade. This strategic move reflects the bank’s focus on India’s rapidly growing affluent and ultra-high net worth market. With the addition of these branches, HSBC India’s total network will increase to 46. The bank has also been strengthening its wealth solutions, including launching Global Private Banking in 2023 and acquiring L&T Investment Management in 2022, showcasing its commitment to catering to India’s burgeoning wealth markets.