HSBC, a British bank and headquartered in London has its origins in India going back to 1853. The Bank has a deep-rooted legacy and rich heritage in Indian culture, spanning over 150 years in India. HSBC is one of India’s leading multinational financial services groups and has a materially large franchise in India with around 39,000 employees in its banking, investment banking and capital markets, asset management, insurance, software development and global resourcing operations in the country. It is the second largest employer for the HSBC Group globally.
In India, HSBC offers a full suite of banking and financial services through 26 branches across 14 cities. In line with its purpose of opening up a world of opportunity, the Bank continues to strengthen the linkages between global customers and their India needs. The Bank is also well positioned and uniquely placed to support the Indian banking needs of its significant diaspora across the globe. It has also formed a joint venture life insurance company with Canara Bank and Oriental Bank of Commerce.
HSBC has been a leader in bringing state-of-the-art electronic banking technology to India and to its customers, HSBC in India has several “Firsts” to its credit.
Businesses in India HSBC serves its customers in India through our three global businesses:
- Global Banking and Markets: Global Banking and Markets business provides financial products and services for corporate and institutional clients. This includes transaction banking, treasury services, investment banking, advisory, capital markets, foreign exchange, fixed income and derivatives.
- Commercial Banking: Commercial Banking (CMB) provides services to business and corporate clients. Our services include business accounts, global liquidity and cash management solutions, trade services, and a range of borrowing solutions.
- Wealth and Personal Banking: The Bank offers a wide range of services and products to resident as well as non-resident Indian customers based in various countries across the globe.