HSBC may exit Indian insurance JV

Banking giant HSBC may exit its Indian insurance venture, becoming the second foreign company and the third from the financial services industry to give a thumbs down to the local market. “HSBC is evaluating possible ways to exit the business,” said a person close to the business. A decision is expected soon, he added.
http://economictimes.indiatimes.com/news/news-by-company/corporate-trends/hsbc-may-exit-maiden-insurance-joint-venture-in-india/articleshow/13087316.cms

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