Quantitative Basel II disclosures of the India Branches
The capital adequacy framework applies to The Hongkong and Shanghai Banking Corporation Limited – India Branches "The Bank". The Bank has a subsidiary, HSBC Agency (India) Private Limited, which is consolidated in line with AS 21 and full capital deduction is taken. The Bank does not have any other group company where a pro-rata consolidation is done or any deduction is taken. The group entities in which the Bank has minority interests which are neither consolidated nor capital deducted are HSBC Professional Services (India) Private Limited and HSBC Consumer Finance (India) Private Limited. The investments in these companies are appropriately risk weighted.