'We are resetting our aspirations and ambitions in India'

Hitendra Dave, CEO of HSBC India, talks about the positives in the economy, the way to navigate the difficult economic situation, and the foreign lender's plans

- Anand Adhikari

A year ago, Hitendra Dave, 53, took over as the CEO of HSBC India, the largest foreign bank in the country. The veteran banker, who earlier headed the Global Banking & Markets vertical in India of the UK-headquartered bank, is spearheading the lender's aggressive customer acquisition strategy. In an interaction with Business Today's Anand Adhikari, Dave, who has been a banker for over three decades, throws light on the current economic situation, HSBC's India strategy, and the way ahead. Excerpts from the conversation:

Q: Globally, central bankers are raising interest rates to check inflationary pressures. The US has also decided to wind down its balance sheet. What will be the spillover effect in emerging markets, especially India?