HSBC Targets Affluent Indians for Growth

Business Standard · business

HSBC is significantly expanding its presence in India, aiming to capture a larger share of the country's growing affluent customer base. The bank plans to increase its branches to 46 across 34 cities within two years, including smaller towns, to bolster its wealth management, transaction banking, and global services. This strategic push places HSBC in direct competition with major Indian private banks. The lender targets clients with at least $2 million in investable assets, leveraging its international network to serve globally-minded individuals and businesses.