Tag Archives: HSBC

61% regret starting late in saving for child’s education: HSBC Value of Education survey

As many as 44% still want a foreign education for the child, according to a recent HSBCValue of Education survey. Average money spent over the course of a university degree Parents: Rs 3.61 lakh Students: Rs 7.77 lakh Funding gap: Rs 4.15 lakh Sacrifices made by parents to support child’s education Took less expensive holidays: 60% Took fewer holidays: 59% Reduced or ... Read More »

HSBC pegs FY16 growth at 7.4%, says reforms key to push it up

Foreign brokerage HSBC has said the country is in the midst of a “credit-less” recovery and policy reforms are the main way ahead to achieve higher growth. Expressing dissatisfaction with the new way of GDP computation, its country economists, led by Pranjul Bhandari, estimated that the economy would clock a 7.4 per cent growth in FY16, and it would remain ... Read More »

Lloyds Bank chief tells rivals to stop treating customers badly

Britain’s banks should stop complaining about new regulations, Lloyds Banking Group’s chief executive has said, urging them instead to target the root cause of the red tape onslaught – bad treatment of customers. Chief executive Antonio Horta-Osorio said politicians and regulators will only stop piling pressure on banks when they have convinced watchdogs and customers that the sector is behaving ... Read More »