HSBC Bank India

HSBC Bank India is one of the leading foreign banks operating in India. It functions as a subsidiary of the Hong Kong and Shanghai Banking Corporation Limited. The bank offers a comprehensive suite of financial solutions and services, which includes Personal Banking, Financial Planning Services, Non Resident Indian (NRI) Banking, Business Banking, Corporate Banking, Payments and Cash Management, Institutional Banking, Trade (domestic and international) and Factoring Services, Custody and Clearing, and Treasury and Capital Markets.

About HSBC Bank India



In 1853, the Mercantile Bank of India was set up in Mumbai. The source of HSBC Bank India goes back to the incorporation of this bank. From that time, the bank has gradually developed in accessibility and portfolio of services and facilities, to be on a par with the fast changing economic and financial requirements of its clients.

The Mercantile Bank began its journey in Mumbai with an authorized capital of Rs.5 million. By 1855, the Mercantile Bank started banking operations in other cities in India such as Calcutta (Kolkata) and Madras (Chennai).

In 1959, the Mercantile Bank was taken over by the Hong Kong and Shanghai Banking Corporation Limited. This acted as a major stepping stone for the present day HSBC Bank India banking division. HSBC, a leader in retail and corporate banking, started functioning as an international bank since the time of its inception in 1865. It facilitated the financing requirements of the traders in Europe, China, and the United States.

The head office of the bank is situated at the Flora Fountain Building in Mumbai.

Over the decade of the 1990s, Hong Kong Bank has converted itself as one of the major financial services providers in the world. The bank takes pride for introducing the first ATM (automated teller machine) in the country in 1987. It is also celebrating 150 years of service in India.

HSBC Bank India Group Companies



Given below is a list of the HSBC Bank India group companies:
  • HSBC Asset Management (India) Private Limited
  • The Hongkong and Shanghai Banking Corporation Limited (HSBC)
  • HSBC Insurance Brokers (India) Private Limited
  • HSBC Global Resourcing / HSBC Electronic Data Processing (India) Private Limited
  • HSBC Private Equity Management (Mauritius) Limited
  • HSBC Operations and Processing Enterprise (India) Private Limited
  • HSBC Securities and Capital Markets (India) Private Limited
  • HSBC Professional Services (India) Private Limited
  • HSBC InvestDirect (India) Limited
  • HSBC Software Development (India) Private Limited

>Products and Services of HSBC Bank India



HSBC Bank India provides an across-the-board collection of top-notch financial solutions and services to its individual and corporate customers. The bank features a huge customer base comprising personal banking clients.

The bank offers the following suite of products and services:

HSBC Premier Banking
  • Family Services
  • Junior Savings Account
  • HSBC Premier Platinum Debit Card
  • Overseas Education
Personal Banking

Loans
  • Educational Loan
  • Smart Home - Save on home loan interest
  • Loan Against Property
  • Home Loan
  • MyHOME - Home loans with regulation on EMI
2) Fundamental equity solutions
  • Demat Account
  • Debit Card
  • SmartMoney Account - High Interest Savings
  • No Frills Savings Account
  • Savings Account
  • Fixed Deposits
Credit Cards
  • CPP Card Protection Plan
  • Cash-on-EMI
  • Balance Transfer - You can transfer the overdue balance of your other credit cards to an HSBC credit card
  • Loan on Phone - switch your credit card spends to simple EMIs
  • Classic Credit Card - MasterCard / Visa Card
  • Credit Card Secure Online Payment Service
  • Platinum Credit Card
  • Gold Credit Card - Visa Card/MasterCard


NRI Services

NRI Services USA

Accounts Deposits Money Transfer
  • RFC deposit account
  • NRO account NRO term deposit Send money to India
  • FCNR deposit account Wire transfer India
  • Rupee account NRI deposit Transfer money to India
  • NRE account NRE term deposit NRI online
  • These services are also available in UAE and UK.



    Insurance
    • Travel Guard - Travel Insurance
    • Maharaksha Personal Injury Policy
    • Loan Repayment Protection Plan
    • HomeSecure
    • Insurance for different life stages
    • Nirvana Pension Plan
    Internet and Self Service Banking
  • Phone Banking
  • ATMs
  • Bill Payments Online
  • Mobile Alerts
  • Options for Online Banking and Self Service Banking
  • Internet Banking
  • Investments & Financial Planning
    • Expert Financial Planning from HSBC
    • Systematic Investment Plans (SIPs)
    • Understanding Mutual Funds
    • Investment Services
    • HSBC way of Investments
    Special Offers and Discounts
    • Debit Card Offers
    • Business Banking Services
    • Credit Card Offers
    • Internet Banking Specials


    Global Trade Solutions

    Cash Management
  • Receivables Management Solutions
  • Payments Management Solutions
  • Business Current Accounts
    • Business Vantage Bank Account
    • Business Account
    • Small Business - HSBC DIRECT for Business
    • Commercial Banking - Business Select
    Business Loans and Overdrafts
    • Business Overdrafts
    • Loan against Property
    • Home Loans for Business
    • Business Credit
    • Loan for Business Property
    Foreign Exchange Services

    Self Service Banking
    • Business Debit Card
    • Phone Banking
    • Business Internet Banking
    • ATM
    Institutional Banking

    Equities and Global Investment Banking

    Treasury and Capital Markets

    Corporate and Institutional Banking

    Corporate Banking Services

    Trade and Factoring Services
    • Trade Services
    • Factoring Services
    Global Payments and Cash Management
    • Integrated Delivery Channels
    • Liquidity Management Solutions
    • Integrated Payments Solutions
    • Integrated Receivables Solutions
    HSBC Securities Services

    Contact Details



    The Hong Kong and Shanghai Banking Corporation Limited
    52/60
    M G Road
    Mumbai 400 001

    Last Updated on : 08 August 2011