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Article: India : HSBC plans to step up India mortgage lending.
- Article from:
- TendersInfo
- Article date:
- August 14, 2009
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Byline: pinto03
HSBC will step up mortgage lending in India after keeping to the sidelines for the past 18 months, and plans a cautious resumption of growth in consumer finance after unsecured loans soured across the industry, the global bank's country chief executive said.
Stuart Davis, who was appointed to his new position in April after heading the London-based lender's Australian operations, said the bank was seeing signs of increased loan demand in India, although the basis for that demand remains unclear.
"Is it simply the result of restocking and a catch-up for investment that hasn't been done over the last 6 to 12 months, or is it part ...