HSBC is expected, consumer retail business stagnation

Announcements made by any bank in India, LAL KIDUAI way, when the RBI and the government is concerned with the risk of foreign banks and the public sector.

For the year to February 2009, the bank records of dog growth more than 25%, while private and foreign lenders who see a decrease in the number of loans in the year-on-year to 20% compared with the growth in September 2008.

Since the crisis in the world, and also on the government and the RBI is taking steps to reduce the state and, therefore, asked the bank to lower interest rates. However, private foreign and not a signal sent by the government. Indeed, creditors will face a number of standard after the request made in March 2008.

KIDUAI HSBC also said that the video assets in the consumer goods, with the largest number of the recent past.

Meanwhile, HSBC is likely to delay their plans to open a bank financial companies (NBFC). RBI Bank have to obtain permission to banking regulations, but not punished approval. Bank, because, without delay. "We did not receive a license to the regulator, in fact, always a blessing for us, because we see that active business consumers who do not work for others and for us," said KIDUAI.