In a statement issued by the bank, it said, "HSBC Bank in India notes certain allegations made today. The bank cannot comment on the specific details of the allegations that have been made, which relate to issues in the past."
"HSBC takes compliance with the law, wherever it operates, very seriously. With a new senior global leadership team and a new strategy in place since last year, HSBC continues to take concrete steps to strengthen compliance, risk management and culture," it said.
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