HSBC bets big on India’s $400 billion pile of wealth

‘Roaring with national pride. Soaring with global dreams,” blared the HSBC Holdings Plc ad outside an upscale Mumbai suburb in December. The 122-foot billboard displayed a tiger stalking over the British bank’s hexagonal red logo—a not-too-subtle signal of its ambitions to dominate the financial industry of what’s by some estimates now the world’s most populous country.