Stuart P Milne is to almost halve its branch network in India from 26 50 to following its decision to shut down its private banking business targeted at the wealthy. The move follows strategic review of its Retail Banking and Wealth Management (RBWM) business in India.” HSBC India 's CEO, HSBC , said: "This move aims to position our retail business for the future, with the right mix of digital versus physical branch distribution. Customer expectations are changing rapidly and we need to adapt accordingly."
Stuart P Milne is to almost halve its branch network in India from 26 50 to following its decision to shut down its private banking business targeted at the wealthy. HSBC India 's CEO, HSBC , said: "This move aims to position our retail business for the future, with the right mix of digital versus physical branch distribution. Customer expectations are changing rapidly and we need to adapt accordingly."