HSBC plans to reenter India's equity broking after a 13-year absence, leveraging its existing license to add retail trading and strengthen its equities platform amid strong IPO activity and rising affluent-client demand. The initiative signals increasing global-bank focus on India's capital markets and wealth management, potentially supporting fee and cross-sell growth, while implying higher investment in local execution, digital capabilities, and senior hiring.
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HSBC plans to re-enter India’s equity broking market after 13 years, aiming to use an existing licence to roll out retail broking services to meet demand from affluent clients and take advantage of a strong IPO pipeline. The move reverses the bank’s 2013 exit from domestic retail brokerage and depository services and reflects rising global-bank focus on India’s capital markets and wealth management. HSBC India reported a 4% year-on-year increase in net profit in the first half of 2026, driven by higher revenue from its corporate and institutional banking businesses.