HSBC’s next move could shake up India’s venture debt play

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HSBC’s next move could shake up India’s venture debt play
HSBC’s next move could shake up India’s venture debt play

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Synopsis

London-based banking major has serious plans to start a venture debt fund in the country. India could well be HSBC’s next destination after the UK, the US, Israel and Hong Kong to launch its Innovation Banking, a separate division for startups.

The 1GBP acquisition of the UK unit of collapsed Silicon Valley Bank in early 2023 opened new avenues for global banking major Hong Kong and Shanghai Banking Corp (HSBC). The move offered a quick start to its startup banking division, HSBC Innovation Banking. SVB’s clients – 3,000…



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HSBC’s next move could shake up India’s venture debt play


HSBC’s next move could shake up India’s venture debt play
HSBC’s next move could shake up India’s venture debt play

Getty Images

Synopsis

London-based banking major has serious plans to start a venture debt fund in the country. India could well be HSBC’s next destination after the UK, the US, Israel and Hong Kong to launch its Innovation Banking, a separate division for startups.

The 1GBP acquisition of the UK unit of collapsed Silicon Valley Bank in early 2023 opened new avenues for global banking major Hong Kong and Shanghai Banking Corp (HSBC). The move offered a quick start to its startup banking division, HSBC Innovation Banking. SVB’s clients – 3,000…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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