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.