15 September 2017 Current Affairs: Hongkong and Shanghai Banking Corporation (HSBC) entered into an agreement with microfinance industry association Sa-Dhan to develop a digital ecosystem for India's unbanked segment.
The bank will provide technical expertise to train and educate micro finance consumers at the grassroots level and introduce digital banking to promote easier and time-efficient financial transaction among the so-called bottom-of-the-pyramid customer.
HSBC was established in 1865 to finance trade between Europe and Asia.
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