HSBC, Britain's biggest bank, has sold two non-core assets in India.
The sales of small stakes in Axis Bank and Yes Bank have raised $425m.
HSBC is a major player in India with around 30,000 employees and interests in orthodox banking, investment banking and capital markets.
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At 11:37 the stock was down 2.3%, possibly having caught the backdraft from news that Barclays bank manipulated the key London Interbank Offer Rate (LIBOR).
BS
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BoE: Millions of mortgage borrowers will be hit with higher repayments next yearNews Higher interest rates are yet to fully hit households and monthly mortgage repayments will rise between £200 and £1,000 – how much will your home loan go up by?
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UK house prices rose again in November, suggesting a resilient property market amid economic turmoil in the past year- are we heading for a crash?
