Big Winners From India's Cash Clampdown Are Private Bankers
Pedestrians walk past a security guard outside an HDFC Bank Ltd. branch in Mumbai. (Photographer: Dhiraj Singh/Bloomberg)

Big Winners From India's Cash Clampdown Are Private Bankers

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(Bloomberg) -- India’s clampdown on unaccounted cash has sent a flood of money into the private banking industry, prompting a major lender to embark on a hiring binge for wealth managers.
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