π HSBC is back in India's stock broking scene
HSBC is re-entering India's equity broking business after a 13-year absence to capitalize on IPO boom and rising wealth client demand. The London-headquartered bank is rebuilding its equities platform and hiring senior executives in India. This move reverses its 2013 exit and highlights India's capital market importance globally. Retail broking services are expected to launch within the next few months using its existing license. HSBC is intensifying its focus on Asia and affluent customers in the growing Indian market. π