It has set aside $ 773 m to deal with the financial impact from investigations led by tax and law enforcement agencies in India , the Netherlands , France and Belgium , the bank said in a statement . There are many factors that may affect the range of outcomes, and the resulting financial impact, of these investigations and reviews. In 2015 , the Indian tax authority informed HSBC it had sufficient evidence to prosecute HSBC Swiss Private Bank and a Dubai - based HSBC subsidiary for abetting some of its customers ' evasion of tax . Previously , the Royal Bank of India 's ( RBI 's ) scrutiny of Bank India 's processes revealed the bank approved a decoy account to open a dubious account among other inconsistencies , although a fine has not been agreed .
It has set aside $ 773 m to deal with the financial impact from investigations led by tax and law enforcement agencies in India , the Netherlands , France and Belgium , the bank said in a statement . In 2015 , the Indian tax authority informed HSBC it had sufficient evidence to prosecute HSBC Swiss Private Bank and a Dubai - based HSBC subsidiary for abetting some of its customers ' evasion of tax . Previously , the Royal Bank of India 's ( RBI 's ) scrutiny of Bank India 's processes revealed the bank approved a decoy account to open a dubious account among other inconsistencies , although a fine has not been agreed .