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
Loans
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Credit Cards
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NRI Services
NRI Services USA
Accounts Deposits Money Transfer
These services are also available in UAE and UK.
Insurance
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Investments & Financial Planning
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Global Trade Solutions
Cash Management
- Business Vantage Bank Account
- Business Account
- Small Business - HSBC DIRECT for Business
- Commercial Banking - Business Select
- Business Overdrafts
- Loan against Property
- Home Loans for Business
- Business Credit
- Loan for Business Property
Self Service Banking
- Business Debit Card
- Phone Banking
- Business Internet Banking
- ATM
Equities and Global Investment Banking
Treasury and Capital Markets
Corporate and Institutional Banking
Corporate Banking Services
Trade and Factoring Services
- Trade Services
- Factoring Services
- Integrated Delivery Channels
- Liquidity Management Solutions
- Integrated Payments Solutions
- Integrated Receivables Solutions
Contact Details
The Hong Kong and Shanghai Banking Corporation Limited
52/60
M G Road
Mumbai 400 001
Last Updated on : 08 August 2011
