HSBC deploys over half of its $1 billion India startup loan commitment within a year

The Economic Times reports that HSBC deployed more than half of its $1 billion India startup loan commitment within a year, citing global innovation banking head David Sabow. Sabow said 70–80% of the deployment went to B2B, B2C consumer and commerce platforms. He also described growing venture interest in Indian space technology and biomedical innovation.