HSBC outshines peers in India as the pecking order of top MNC banks changes

By Nitesh Kumar

  • 07 Nov 2024
Pro
The HSBC logo on its headquarters in Hong Kong. | Credit: Reuters

Foreign banks have been steadily increasing their presence in India to capture a share of the world’s fastest-growing major economy. But the ranking of multinational lenders operating in India saw a change in the financial year 2023-24 with the London-headquartered HSBC surpassing US-based Citibank as the biggest foreign bank in ......

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