HSBC opens its private banking business in India, again

July 5, 2023

India surpassed the UK as the world’s fifth largest economy in 2022 and is expected to overtake Japan and Germany by 2027-28 according to the UN department of economic and social affairs. The bank quoted a Knight Frank wealth report which said that the number of ultra high net worth individuals in India with more than $30 million to invest will increase 58% by 2027.

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