🟢 HSBC is trading 3.8% up today on $5.5B NRI deposit growth via RBI window

HSBC is trading 3.8% up at $106.52 after attracting $5.5 billion in non-resident Indian (NRI) deposits and extending $3.5 billion in loans through a special Reserve Bank of India concessional window.

• The bank utilized a high-leverage strategy through the RBI facility, which investors view as a high-margin growth opportunity.
• The stock is significantly outperforming the broader financial sector, which remains under pressure.