will hsbc shut down india business?

will hsbc shut down india business?

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Deal Newbie
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just google ,there are many reports from trusted sites like economic times etc
I had credit card 60000 rs due,nobody from recovery team called in last 6 yrs,but cibil they messed bad

if hsbc bank india got closed,can I get cibil good

47 Comments  |  
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Deal Lieutenant
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Will hsbc shut down india.. Or their indian business

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Deal Subedar
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6 years???? What is actual value u have to pay and what is interest on it?

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Deal Cadet
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@jobster.vijay441 I googled but couldn’t find any good references for current year. There were some layoffs last year and branch closure during 2016.
Please post the reference, otherwise remove/edit your post accordingly.

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Deal Major
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change your user id from jobster.vijay441 to jobless.vijay441

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Deal Cadet
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your loan will be sold to a asset reconstruction company & they will contact you for repayment. dont worry..start worrying more now.. smile

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Deal Cadet
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Why did you NOT pay the bill earlier @ OP ?? Why are you waiting for someone to call/visit you for fund recovery ?? If you couldn’t afford paying 60k then why did you buy product/s worth that amount ?? Just keeping your fingers crossed that, no one will take action against you so you can rob the bank ??

Plus don’t spread such baseless rumors without giving any valid/legit source…

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Deal Cadet
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If you have 1000 crore due to bank they will come begging, but if you have rs. 10000 due they will screw you big time @ Common-man

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Deal Subedar
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The red marks will remain on your CIBIL history even if HSBC closed its India operations.

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Sunasuna wrote:

6 years???? What is actual value u have to pay and what is interest on it?

more then 2 lakhs

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Deal Newbie
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nikhilp1 wrote:

If you have 1000 crore due to bank they will come begging, but if you rs. 10000 due they will screw you big time @ Common-man

When the poor can’t repay their loans to banks, their homes are sold.

When the rich can’t repay their loans to banks, the banks are sold.

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getready wrote:

change your user id from jobster.vijay441 to jobless.vijay441

420

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Deal Cadet
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Sunasuna wrote:

6 years???? What is actual value u have to pay and what is interest on it?

bhai, fikar not, 10 yrs baa aayenge 15-20 lakh ka bill pakdayenge or ghar bech ke nikal jayenge

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Deal Newbie
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Sushrut.B wrote:

Why did you NOT pay the bill earlier @ OP ?? Why are you waiting for someone to call/visit you for fund recovery ?? If you couldn’t afford paying 60k then why did you buy product/s worth that amount ?? Just keeping your fingers crossed that, no one will take action against you so you can rob the bank ??

Plus don’t spread such baseless rumors without giving any valid/legit source…

when they call we get bargaining power to setlle.I waited for it but they did not call

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Deal Cadet
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what is your cibil score now ? And any other credit card you are holding currently ?

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jobster.vijay441 wrote:

when they call we get bargaining power to setlle.I waited for it but they did not call

Bargain flushed
40k for 60k ?

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Deal Newbie
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jobster.vijay441 wrote:

when they call we get bargaining power to setlle.I waited for it but they did not call

flushed flushed Seriously…., Bargaining. Its 60K not 60 million.
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Deal Lieutenant
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gugaheri wrote:

@jobster.vijay441 I googled but couldn’t find any good references for current year. There were some layoffs last year and branch closure during 2016.
Please post the reference, otherwise remove/edit your post accordingly.

It’s a usual process in hsbc to fire and rehire new workforce

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Deal Captain
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So you want to know if a BANK is shutting down India operations because they did not approach you for recovering 60k that you owe them and also based on an article from 2015, that too which talks about HSBC shutting down their private banking business in India.

Yeah, right!

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Deal Lieutenant
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Don’t worry bank can recover the money anytime if it wants. Recently I saw a case of sbi credit card where the person has not paid in 2002 and the recovery agency recovered 18lakh.

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piyush2251 wrote:

Don’t worry bank can recover the money anytime if it wants. Recently I saw a case of sbi credit card where the person has not paid in 2002 and the recovery agency recovered 18lakh.

You have a link?

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