HSBC uses leverage to win US$5.5 bil in India forex deposits - Bloomberg

Saikat Das & Bhaskar Dutta / Bloomberg07-28 02:28

HSBC has offered leverage of as much as 19 times the deposit, compared with about nine times at Standard Chartered, Bloomberg News has reported. (July 28): HSBC Holdings Plc has offered high leverage ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2654888080?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-07-28 02:28","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2654888080","market":"sg","top_or_hot":-1,"title":"HSBC uses leverage to win US$5.5 bil in India forex deposits - Bloomberg","media":"Saikat Das & Bhaskar Dutta / Bloomberg","content":"<div>\n<p>HSBC has offered leverage of as much as 19 times the deposit, compared with about nine times at Standard Chartered, Bloomberg News has reported. (July 28): HSBC Holdings Plc has offered high leverage ...</p>\n\n<a href=\"https://www.theedgesingapore.com/news/news/hsbc-uses-leverage-win-us55-bil-india-forex-deposits-bloomberg?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS\">Source Link</a>\n\n</div>\n","source":"edge_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>HSBC uses leverage to win US$5.5 bil in India forex deposits - Bloomberg</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHSBC uses leverage to win US$5.5 bil in India forex deposits - Bloomberg\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-07-28 02:28 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.theedgesingapore.com/news/news/hsbc-uses-leverage-win-us55-bil-india-forex-deposits-bloomberg?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS><strong>Saikat Das & Bhaskar Dutta / Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>HSBC has offered leverage of as much as 19 times the deposit, compared with about nine times at Standard Chartered, Bloomberg News has reported. (July 28): HSBC Holdings Plc has offered high leverage ...</p>\n\n<a href=\"https://www.theedgesingapore.com/news/news/hsbc-uses-leverage-win-us55-bil-india-forex-deposits-bloomberg?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"HSBH","symbol_name":"HSBC Holdings plc ADRhedged","start_time":0,"source_url":"https://www.theedgesingapore.com/news/news/hsbc-uses-leverage-win-us55-bil-india-forex-deposits-bloomberg?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS","article_id":"2654888080","we_media_id":null,"thumbnails":[],"rights":{"source":"edge_highlight","url":"https://www.theedgesingapore.com/news/news/hsbc-uses-leverage-win-us55-bil-india-forex-deposits-bloomberg?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2654888080","pubTimestamp":1785176906,"columns":[],"sourceInfo":{"source_id":"edge_highlight","name":"Edge"},"weMediaInfo":null,"summary":"HSBC has offered leverage of as much as 19 times the deposit, compared with about nine times at Standard Chartered, Bloomberg News has reported. ","collect":0,"end_time":0,"defaultTopTitle":"theedgesingapore.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"HSBH":"HSBC Holdings plc ADRhedged","LU0052756011.USD":"TEMPLETON GLOBAL BALANCED \"A\" (USD) INC","LU0417516738.SGD":"Allianz Hong Kong Equity AT Acc SGD","LU0330918003.SGD":"Blackrock World Mining A2 SGD-H","BK1231":"综合性银行","LU0498741114.HKD":"FRANKLIN GOLD & PRECIOUS METALS \"A\" (HKD) ACC","LU2226246903.HKD":"ALLIANZ TOTAL RETURN ASIAN EQUITY \"AT4\" (HKD) ACC","LU0345781412.USD":"NINETY ONE GSF GLOBAL NATURAL RESOURCES \"A\" (USD) INC","LU0348735423.USD":"ALLIANZ HONG KONG EQUITY \"A\" (USD) INC","SG9999002521.SGD":"United Global Resources A Acc SGD","LU0211326755.USD":"TEMPLETON GLOBAL INCOME \"A\" (USD) ACC","BU":"Defiance Daily Target 2X Long B ETF","LU0630314457.HKD":"NINETY ONE GSF GLOBAL NATURAL RESOURCES \"A\" (HKD) ACC","LU2236285917.USD":"ALLIANZ GLOBAL INCOME \"AMG\" (USD) INC","03143":"华夏香港银行股","LU0540923850.HKD":"ALLIANZ HONG KONG EQUITY \"A\" (HKD) INC","LU0612318385.USD":"BGF NATURAL RESOURCES \"A2\" (USD) ACC","LU0345780281.USD":"NINETY ONE GSF GLOBAL GOLD \"A\"  ACC","LU0797268264.HKD":"ALLIANZ TOTAL RETURN ASIAN EQUITY \"AT\" (HKD) ACC","00005":"汇丰控股","LU1481107354.HKD":"HSBC GIF HONG KONG EQUITY \"AD\" (HKD) INC","BK4017":"黄金","LU0788108826.HKD":"BGF WORLD GOLD \"A2\" (HKDHGD) ACC","LU0634319403.HKD":"ALLIANZ HONG KONG EQUITY \"AT\" (HKD) ACC","LU0149721374.USD":"HSBC GIF HONG KONG EQUITY \"AD\" INC","LU0516423091.SGD":"FULLERTON LUX FUNDS - ASIA FOCUS EQUITIES \"I\" (SGD) ACC","LU0498741890.SGD":"FTIF - Franklin Gold and Precious Metals A (acc) SGD","LU0976567544.SGD":"FTIF - Templeton Global Income A Mdis SGD-H1","LU0496367417.USD":"富兰克林黄金和贵金属A（acc）","LU0724618789.USD":"BGF WORLD GOLD \"A4\" (USD) INC","LU0918141705.HKD":"ALLIANZ TOTAL RETURN ASIAN EQUITY \"AM\" (HKD) INC","SG9999001143.SGD":"United Gold and General A Acc SGD","LU0918141887.USD":"安联亚洲实际收益股票基金","HSBC":"汇丰","LU0496365809.HKD":"TEMPLETON GLOBAL INCOME \"A\" (HKD) INC (Q)","BK1610":"ETF&股票定投概念","LU0348814723.USD":"ALLIANZ TOTAL RETURN ASIAN EQUITY \"A\" (USD) INC  NC","LU1430597077.USD":"BGF NATURAL RESOURCES \"A\" (USD) INC","LU0075056555.USD":"贝莱德世界矿业基金A2","BK4161":"工业机械","LU1282648689.USD":"ALLIANZ TOTAL RETURN ASIAN EQUITY \"AMG\" (USD) INC","HSBA.UK":"汇丰控股有限公司","LU1267930227.SGD":"TEMPLETON GLOBAL BALANCED \"AS\" (SGD) ACC A","BK1601":"香港本地股","B":"Barrick Mining Corporation","HSHD.SI":"HSBC HK SDR 5to1","BK4585":"ETF&股票定投概念","LU0345775950.USD":"NINETY ONE GSF ASIAN EQUITY \"A\" (USD) ACC","LU0368265764.SGD":"Blackrock World Gold Fund A2 SGD-H","LU0300736492.USD":"FRANKLIN NATURAL RESOURCES \"A\" (USD) INC"},"translate_title":"汇丰银行利用杠杆赢得印度55亿美元外汇存款 - 彭博社","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"HSBA.UK":0.6,"BU":0.6,"00005":0.7,"HSBC":1.5,"B":1,"HSHD.SI":0.6,"03143":0.6,"HSBH":0.6},"content_text":"HSBC has offered leverage of as much as 19 times the deposit, compared with about nine times at Standard Chartered, Bloomberg News has reported. (July 28): HSBC Holdings Plc has offered high leverage to capture about US$5.5 billion so far in non-resident Indian deposits, helping it race ahead of some global rivals in the chase for diaspora wealth, according to people familiar with the matter.\n\nThe London-based lender has extended more than US$3.5 billion in loans to back the bespoke foreign currency deposit plans, allowing it to reel in the deposits through a special Reserve Bank of India (RBI) concessional window, said the people who asked not to be identified because the information is private. \nUnder the structure of HSBC's offering, a customer investing US$100,000 in foreign currency non-resident deposits offered by any bank in India can borrow up to US$1.9 million against a five-year deposit. This is expected to generate an annual return of about 14.25% while paying loan interest of 5.05% to 5.15%, according to a document reviewed by Bloomberg.\nThat strategy has helped dwarf competitors such as Standard Chartered Bank Plc, which has garnered about US$1 billion in similar deposits after adopting a more conservative lending stance, two other people familiar with the matter said, asking not to be named discussing information that isn't public.\nHSBC has offered leverage of as much as 19 times the deposit, compared with about nine times at Standard Chartered, Bloomberg News has reported. \nThe numbers highlight a widening divide in how international banks are capturing lucrative diaspora capital. HSBC has surged forward by capitalising on its vast universe of wealthy clients and a footprint that spans from India's GIFT City to Singapore, Hong Kong, and Dubai. The bulk of its inflows are going into five-year deposits, according to the people familiar with the matter.\nOther institutions are weighing similar moves. Some large foreign banks, including an Asian and a US lender, are pondering leverage policies amid fluctuating swap rates and have yet to start offering loans to offshore non-resident depositors, some of the people said.\nHSBC and Standard Chartered Bank did not reply to Bloomberg's e-mailed queries seeking comment. \nThe deposit push has provided a crucial external buffer to India. Banks have mobilised about US$32 billion, largely through Foreign Currency Non-Resident, or FCNR(B), deposits, RBI governor Sanjay Malhotra said.\nA majority of existing FCNR deposits which are going to mature in August and September will be renewed under the RBI's new plan and will boost such inflows, Soumya Kanti Ghosh, group chief economic adviser at State Bank of India said in a note Monday. \nUploaded by Liza Shireen Koshy","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.46.0","shortVersion":"4.46.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2654888080","isCrawlerRequest":true}