HSBC is going to shut down private banking business in India

HSBC  is  going to shutting down  its private banking unit in India, marking the exit of another foreign bank from the cut-throat wealth management business in Asia’s third-largest economy.
About HSBC Bank
- British multinational banking and financial services company.
- Headquarter: London
- Establishment: First established on 3rd march 1865; in Hongkong
- It is the  world's fourth largest bank by total assets.
- HSBC is organised within four business groups: Commercial Banking; Global Banking and Markets (investment banking); Retail Banking and Wealth Management; and Global Private Banking.