HSBC may exit Indian insurance JV


Banking giant HSBC may exit its Indian insurance venture, becoming the second foreign company and the third from the financial services industry to give a thumbs down to the local market. “HSBC is evaluating possible ways to exit the business,” said a person close to the business. A decision is expected soon, he added.
http://economictimes.indiatimes.com/news/news-by-company/corporate-trends/hsbc-may-exit-maiden-insurance-joint-venture-in-india/articleshow/13087316.cms

 

.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s