Rediffmail Money rediffGURUS BusinessEmail

HSBC awaits RBI nod for NBFC

November 25, 2005 15:34 IST
Source:PTI
After investing $150 million this year, HSBC is willing to step up investments in India as it expects the economy to sustain over 7 per cent growth in the coming years.

HSBC is also awaiting nod from the Reserve Bank of India for starting a non-banking finance company, and plans pension foray after the government puts in place
"div_arti_inline_advt">
the requisite legislations.

Sir John Band, group chairman of HSBC Holdings Plc, said: "The Indian economy is growing by 7 per cent. Our judgement is that any change in growth will be on the upside."

"Our revenues are likely to grow with faster economic growth, and we are willing to invest more in India," he added.
Source: PTI
© Copyright 2026 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.

WEB STORIES

7 Delicious But Healthy Spinach Recipes

8 Top Nutritious Foods

New Year: First and Last Countries to Welcome 2026

VIDEOS

NewsBusinessMoviesSportsCricketGet AheadDiscussionLabsMyPageVideosCompany Email