The Press Release Resource

HSBC Bank Plans to focus on credit cards and home loans this year. After booking losses on its consumer banking business for three straight years, Hong Kong and Shanghai Banking Corporation (HSBC) looks to rebuild its retail loan book in 2010, aided by an improving credit environment. The UK-based bank, the third-largest foreign lender in …

India’s largest lender, State Bank of India , has launched a special concessional banking scheme for Air Force personnel. Under the scheme -Defence Salary Package– Air Force personnel will get facilities such as free draft and free fund transfer from 16,000 branches of the SBI and its associate banks. “I recommit that SBI would serve …

CEOs of large commercial banks will seek the support of the Reserve Bank of India to secure a government guarantee for education loans. They plan to raise this issue on Monday when chiefs of large commercial banks are slated to meet RBI governor D Subbarao, a fortnight ahead of the monetary policy review due on …

The Indian operations of HSBC has reported a 44% drop in its net profits for the year ended December 31, 2009, to $374 million from $666 million a year earlier. The drop comes on the back of a loss of over Rs 1,000 crore in retail banking. The bank has also recorded a loss in …