HSBC makes big push for affluent clients in India to fuel growth
HSBC Holdings Plc is intensifying its efforts to attract affluent clients in India, targeting growth in wealth management and transaction banking. The bank aims to become one of the top four private banks by 2030, expanding its branch network from 34 to 46 across 34 cities. This strategy puts HSBC in direct competition with local banks like ICICI and Kotak Mahindra.