HSBC is also awaiting nod from the Reserve Bank of India for starting a non-banking finance company, and plans pension foray after the government puts in place
Sir John Band, group chairman of HSBC Holdings Plc, said: "The Indian economy is growing by 7 per cent. Our judgement is that any change in growth will be on the upside."
"Our revenues are likely to grow with faster economic growth, and we are willing to invest more in India," he added.