HSBC and GIFT City Banking giant’s India head explains how start-ups are benefiting through synergy

Amid the Silicon Valley Bank collapse, Managing Director of HSBC India Ranjan Bhattacharya on March 15 explained how start-ups are benefiting through synergy. Managing Director of HSBC India, Ranjan Bhattacharya said, “HSBC has announced the acquisition of the UK arm of Silicon Valley bank. In India, HSBC is a large banker with start-ups. They were obviously concerned. In India, we have offered them a foreign currency account through GIFT city. GIFT city is PM Modi’s vision to bring international banking solutions.”