HSBC opens its private banking business in India, again

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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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