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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.
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