IndiaInsurance
14th August 2009, 07:31 AM
HSBC at the group level and also in India is looking to generate at least 20% of its total business from the insurance sector, revealed HSBC India CEO and group general manager Naina Lal Kidwai, at a media meet in Mumbai on Thursday. The unsecured lending portfolio of HSBC in India had dipped by 8% in the past 12 months, she added while announcing renaming of the bank s acquired securities brokerage arm, ILandFS Investsmart, as HSBCInvestDirect. She said, The credit off-take in the Indian banking sector is likely to get led by the infrastructure sector, as well as rise in ...
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More... (http://in.biz.yahoo.com/090813/50/bau1em.html)