HSBC is to almost double its branch network in India from 50 to 100 following its decision to shut down its private banking business targeted at the wealthy . HSBC India 's CEO , Stuart P Milne , said : " This move aims to position our retail business for the future , with the right mix of digital versus physical banking networks . Customer expectations are changing rapidly and we need to adapt accordingly . "
HSBC is to almost halve its branch network in India from 50 to 26 following its decision to shut down its private banking business targeted at the wealthy. HSBC India's CEO, Stuart P Milne, 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."