Stuard Milne, CEO, HSBC India talks about the bank's gameplan in the country.
'With technology advancing rapidly, the need for branches is declining.'
British banking major HSBC on Thursday announced a consolidation exercise under which it will almost halve the number of branches in the country to 26, which will lead to 300 job losses.
A revival in investment is likely to be a key near-term initiative.
Foreign banks were ahead in terms of technology, but that is no longer the case as Indian private banks steal the innovation march.
CEOs of leading banks say third straight rate hike by RBI inevitable, though not desirable.
Through the book 'Make in India' authors Ranjini Manian and Joanne Grady Husky bring you the wisdom of twelve CEOS who walked the trail before them.
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