The Real Story of how HSBC Was Made To Pay  

March 31, 2014

How a proactive RBI forced HSBC to partly redress glaring mis-selling by HSBC to actor Suchitra Krishnamoorthi. Will this set a precedent? Don’t bet on it

Sucheta Dalal

On 14th March, the Hongkong & Shanghai Banking Corporation (HSBC) suddenly called actor Suchitra Krishnamoorthi to discuss a settlement to close her long-pending allegation about gross mis-selling that had caused her a loss of over Rs1.85 crore.

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