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Thursday, Dec 12, 2019

HSBC to hold its stake in India Axis Bank

HSBC would like to hold on to its stake in Indian private sector lender Axis Bank in the short-term, its India head said.

india Updated: Aug 06, 2008 12:51 IST

Reuters
Hindustantimes
         

HSBC would like to hold on to its stake in Indian private sector lender Axis Bank in the short-term, its India head said on Wednesday.

Naina Lal Kidwai, HSBC's country head, said it did not make sense to sell the shares after a fall in the stock's price. Axis Bank shares are down more than 20 percent in 2008.