CURRENT AFFAIRS

2022

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
HSBC India announced USD how many million in lending support for high-growth, technology-led start-ups in India?
A
150
B
100
C
250
D
200
Explanation: 

Detailed explanation-1: -HSBC India announces lending support of $250 million for high growth tech-led startups in India. This will be used to lend and support the growth aspirations of tech-led startups in India’s fast growing startup ecosystem, pegged as the third-largest in the world.

Detailed explanation-2: -HSBC India, which recently announced a $250 million loan support for high-growth tech-led start-ups, has said that it will explore a plethora of start-ups across different stages of their life cycle to extend credit support.

Detailed explanation-3: -The lending will be managed by the lender’s commercial banking vertical. The lending will be done to high-growth, tech-led startups in the third largest startup ecosystem in the world, the lender said in a statement.

Detailed explanation-4: -Notes: Hong Kong and Shanghai Banking Corporation Limited, India (HSBC India) has announced USD 250 million in lending support for high-growth, technology-led start-ups in India, which has the world’s third largest start-up ecosystem.

Detailed explanation-5: -Notes: Foreign bank HSBC India announced that it will lend USD 250 million to high-growth, tech-led start-ups in India.

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