Hongkong & Shanghai Banking Corporation (HSBC) is still awaiting the regulator’s nod for its proposed acquisition of Royal Bank of Scotland’s retail and commercial banking businesses in India. In an interview with Somasroy Chakraborty, Naina Lal Kidwai, country head (India) HSBC, says the unprecedented nature of the deal is delaying the approval of the Reserve Bank of India (RBI).
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