MUMBAI: HSBC has been in India since 1853 and has maintained the most consistent retail presence among global banks. Its Indian operations have doubled pre-tax profits in four years, making it the leading foreign bank by revenue and balance sheet, which stood at $50 billion.

MUMBAI: HSBC has been in India since 1853 and has maintained the most consistent retail presence among global banks. Its Indian operations have doubled pre-tax profits in four…

HSBC has purchased at least $3B in Indian government bonds since July, funded by diaspora dollar deposits, as foreign investment in Indian debt