'FCNR haul to power HSBC's India wealth, retail banking push'
RBI is in focus.
21 Sept 2026 · Economic Times Markets, ET Stocks
HSBC forecasts that foreign currency deposits will significantly enhance its operations in India. By securing $14.5 billion through a special RBI swap facility, the bank aims to expand lending and wealth management services. The attractive leverage option of up to nineteen times has drawn in depositors.
Why it matters
- With RBI involved, this carries a regulatory dimension that can outlast the immediate market reaction.
Market context
- Sector exposure: Power.
In this story
Related coverage
KP Energy locked at 5% upper circuit on 9-MW wind power project contract
Tata Motors PV, Maruti Suzuki, Ashok Leyland, auto stocks drop up to 3% as RBI signals rate cuts are ‘off the table’
Air Power And International Camaraderie In Action: Indian Air Force Shares Tarang Shakti Exercise Video
Tata Sierra vs Kia Seltos: One SUV claims 21.26 kmpl, but there’s a twist
Adani Power gains 2% after signing pact for 770-MW hydropower project in Bhutan