HSBC’s Wealth & Personal Banking division Closes India’s largest distributor of Mutual Funds HSBC has closed down its wealth and personal banking division due to growing customer backlash. Note Asset Management Companies in India are poor performers charging very high expense fees. They mainly depend on distributors to sell mutual funds to retail investors who […]
Buying Gold this Indian Festive Season Indian consumers are one of the biggest buyers of gold due to cultural and historical factors and consumer around 300 tons of gold each year. Indian banks are starting to make inroads into the gold jewelry and coins market which has been historically a bastion of the traditional gold jewelers. […]