OROP to cost Rs 16,000 crore in FY16; to impact fiscal math: HSBC

Last Updated: Monday, September 7, 2015, 17:11

One Rank One Pension (OROP) will have a significant impact on the country's fiscal bill and the overall cost will be around Rs 16,000 crore in the current financial year, says an HSBC report.

When HSBC technical glitch hit 275,000 payments!

Last Updated: Saturday, August 29, 2015, 12:23

A fault in the information used to process some payments from HSBC business customers has affected about 275,000 payments, a media report said.

RBI likely to go for 0.25% cut in September: HSBC

Last Updated: Sunday, August 23, 2015, 12:21

According to the global financial services firm, food prices have been falling across all major sub-groups, across the CPI and WPI measures, both on annual and sequential basis.

GST watered down, can still add 0.6% to GDP growth: HSBC

Last Updated: Wednesday, August 12, 2015, 13:30

Terming GST as one of the most promising reforms on anvil, global giant HSBC on Wednesday said the bill has been "watered down" but can still add a "sizeable" 60 basis points to India's GDP growth rate.

RBI has space to cut rate by 0.25% this year: HSBC

Last Updated: Tuesday, August 4, 2015, 17:59

The Reserve Bank has space for a final 25 basis points rate cut this year, after which it will be "difficult" for it to lower rates as meeting the medium term inflation target may get harder, says an HSBC report.

Bradesco to acquire HSBC Brazil unit, biggest-ever buy

Last Updated: Tuesday, August 4, 2015, 04:31

Banco Bradesco SA agreed to buy HSBC Holdings Plc`s Brazilian unit for a surprisingly high 17.6 billion reais ($5.2 billion), narrowing the gap with larger rivals while boosting its base of affluent customers in Latin America`s largest economy.

HSBC exits Brazil as group profit falls

Last Updated: Monday, August 3, 2015, 21:08

HSBC has agreed to sell its Brazilian business to local group Banco Bradesco, the British banking giant announced Monday alongside news of a fall in net profits.

HSBC pre-tax net dips 11% as key verticals fare poorly

Last Updated: Monday, August 3, 2015, 20:34

The oldest foreign lender HSBC India today reported 11 percent dip in pre-tax profit for the January-June period at USD 335 million due to a fall in the merchant banking, retail banking and wealth businesses.

HSBC profits fall 3.8% in Q2, Brazil sell-off agreed

Last Updated: Monday, August 3, 2015, 16:29

HSBC announced Monday that net profit fell 3.8 percent in the three months to June, as the company agreed to sell its Brazilian business for $5.2 billion to Brazil`s Banco Bradesco.

Black money: Cooperating with Indian authorities on Swiss a/c probe, says HSBC

Last Updated: Monday, August 3, 2015, 16:27

Facing a probe by Indian authorities into accounts held by Indians in Switzerland, global banking giant HSBC Monday said it is cooperating with the authorities.

HSBC India plans to launch 'green bonds' this year

Last Updated: Monday, August 3, 2015, 16:08

"HSBC is the world's fourth largest issuer of green bonds. We are big player. We are working to get this in India. We are working with key authorities on this issue. Most probably we will launch this year," Kidwai said.

HSBC's H1 profits rise 10% on bumper Hong Kong results

Last Updated: Monday, August 3, 2015, 10:24

HSBC also announced the sale of its Brazil unit to Banco Bradesco SA , the country`s second-biggest private-sector bank, for 17.6 billion reais ($5.2 billion) as HSBC seeks to cut underperforming businesses.