HSBC leverages up to 19 times deposits, capturing $5.5 billion in Indian Forex, outpacing rivals like Standard Chartered.

HSBC leverages up to 19 times deposits, capturing $5.5 billion in Indian Forex, outpacing rivals like Standard Chartered.

HSBC has mobilised about $5.5 billion in non-resident Indian deposits by offering highly leveraged loans under the RBI's FCNR(B) window, outpacing global rivals. The strategy has…