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global banks expand wealth management in india amid rising millionaire class

HSBC and UBS are expanding their wealth management operations in India, driven by a surge in new millionaires following a record year of IPOs. UBS is reportedly seeking to acquire shares in 360 ONE, while HSBC plans to nearly double its branches, targeting cities with growing wealth. The wealth management sector is projected to see significant growth, with the number of individuals worth over $30 million expected to rise sharply in the coming years.
@FinancialTimes
Indian Rupee United States Dollar Kotak Mahindra Bank FUT, March Knight Frank LLP Motilal Oswal Financial Services Limited Blackstone Inc. IND Akash Hariani Rajesh Saluja Gautami Gavankar Yatin Shah Sandeep Batra Roula Khalaf Show more
Business & Industry, Market Report
06:00 17.03.2025

hsbc achieves top rankings in client service and trade finance globally

HSBC announced a strong financial performance for 2024, with a profit before tax of $32.3bn and total dividends of 87 US cents per share, including a special dividend. The bank plans to open 20 new branches in India and has been recognized as the world's best trade finance bank for the eighth consecutive year, emphasizing its commitment to global trade and young people's empowerment in Hong Kong.
HSBC
United States Dollar GBR HKG IND Hitendra Dave Georges Elhedery Mark Tucker Sandeep Batra Vivek Ramachandran Show more
Business & Industry, Press Release
02:07 27.02.2025
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