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HSBC Bank India

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This article is about the bank in India. For the global HSBC Group, see HSBC. For other individual entities of the group, see HSBC Bank.

HSBC Bank India
Company typeSubsidiary of HSBC Holdings plc
IndustryFinance and Insurance
Founded1853 (as Mercantile Bank of India, London and China)
HeadquartersFort, Mumbai, Maharashtra, India
Key people
Hitendra Dave
(CEO)[1]
ProductsFinancial services
Number of employees
36,000 (as of June 2018)[2]
ParentHSBC
Websitehsbc.co.in
HSBC Electronic Data Processing Building in Bangalore

HSBC Bank India, an Indian subsidiary of UK-based HSBC Holdings plc, is a bank with its operational head office in Mumbai. It is a foreign bank under the Banking Regulation Act, 1949 and thus is regulated by the Reserve Bank of India (RBI).

Businesses

  • Wealth and Personal Banking
  • Commercial Banking
  • Global Banking and Markets[3]

HSBC Group members in India

  • The Hongkong and Shanghai Banking Corporation Limited
  • HSBC Asset Management (India) Private Limited
  • HSBC Electronic Data Processing (India) Private Limited
  • HSBC Professional Services (India) Private Limited
  • HSBC Securities and Capital Markets (India) Private Limited
  • HSBC Software Development (India) Private Limited
  • HSBC InvestDirect (India) Limited
  • HSBC InvestDirect Securities (India) Private Limited
  • HSBC InvestDirect Financial Service (India) Limited
  • HSBC Agency (India) Private Limited
  • HSBC Global Shared Services (India) Private Limited[3]

HSBC Technology India

HSBC Software Development (India) Pvt. Ltd., Pune nameboard

HSBC Technology India (HTI), previously called HSBC Global Technology (GLT), is part of HSBC Technology, the Bank's technology function. HTI is located in Pune, India, and Hyderabad, India, with the former being the headquarters. HSBC Technology India has been in existence for over 15 years, and currently supports the majority of the software products that make up the Bank's technology eco-system.

HTI is headed by Balasubramanian Ganesh, who is also global CIO for the Retail Banking and Wealth Management business, as well as Global Head of Application Development and Maintenance.

Apart from India, HSBC Technology centers are present in Sri Lanka, China, Malaysia, Poland, and Canada.

References

  1. ^ Roy, Anup (7 June 2021). "HSBC names company veteran Hitendra Dave as CEO of India business". Business Standard India.
  2. ^ "HSBC's India headcount up by 1,000; US staff size down". The Hindu. 24 February 2015. Retrieved 30 June 2016.
  3. ^ a b "HSBC in India - About HSBC". Retrieved 30 June 2016.
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