Weakness in currency can create negative loop: HSBC

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. Hitendra Dave, HSBC India 's CEO since 2021, spoke about the bank's FCNR(B) mobilisation and ambitions in affluent banking .