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RBI imposes 29.60 lakh fine on HSBC Bank for card rule violations

RBI penalised HSBC for not complying with credit card, debit card and Rupee denominated co-branded pre-paid Card operations of Banks.

RBI imposed a penalty on HSBC for non-compliance on 'Credit Card, Debit Card and Rupee Denominated Co-branded Pre-paid Card operations of Banks (AFP)
Published on Jun 28, 2024 07:19 PM IST
PTI |

HSBC CEO Noel Quinn to retire unexpectedly: Who is he and what the bank said

The surprise news came as the lender reported that pre-tax profits in the first quarter fell by $200 million to $12.7 billion.

HSBC CEO Noel Quinn attends the UN Climate Change Conference (COP26) in Glasgow, Scotland, Britain.(Reuters)
Published on Apr 30, 2024 11:45 AM IST
AFP |

HSBC reports 'record profit' of $30.3 billion in 2023

The Asia-focused lender and its peers have been buoyed by rising interest rates for more than a year.

HSBC logo is seen in this illustration.(Reuters)
Published on Feb 21, 2024 02:32 PM IST
AFP |

HSBC executive to exit after remark on UK's stance on China

Cowper-Coles told a closed-door event in June that Britain would often bow to the demands of Washington and should look after its own interests.

 HSBC said that Sherard Cowper-Coles - who also chairs the China-Britain Business Council and is a former British ambassador - had been at a private roundtable discussion and
Published on Sep 29, 2023 09:24 AM IST
Reuters |

HSBC puts £2 billion into SVB UK after buying it for £1, promises 'more cash'

HSBC buys Silicon Valley Bank UK: The purchase was negotiated by the British government and the Bank of England this week for the nominal sum of £1, or ₹99.

HSBC Bank logo and decreasing stock graph are seen in this illustration taken March 12, 2023. REUTERS/Dado Ruvic/Illustration(REUTERS)
Updated on Mar 15, 2023 03:24 PM IST
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