HSBC Bank India, an Indian subsidiary of UK-based

HSBC Holdings plc HSBC Holdings plc is a British multinational universal bank and financial services holding company. It is the largest bank in Europe by total assets ahead of BNP Paribas, with US$2.953 trillion as of December 2021. In 2021, HSBC had $10.8 tril ...

, is a

bank A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because ...

with its operational head office in

Mumbai Mumbai (, ; also known as Bombay — the official name until 1995) is the capital city of the Indian state of Maharashtra and the ''de facto'' financial centre of India. According to the United Nations, as of 2018, Mumbai is the second- ...

. It is a foreign bank under the Banking Regulation Act, 1949 and thus is regulated by the

Reserve Bank of India The Reserve Bank of India, chiefly known as RBI, is India's central bank and regulatory body responsible for regulation of the Indian banking system. It is under the ownership of Ministry of Finance, Government of India. It is responsible for ...

(RBI).

Businesses

*Wealth and Personal Banking *Commercial Banking *Global Banking and Markets

HSBC Group members in India

The Hongkong and Shanghai Banking Corporation Limited HSBC Holdings plc is a British multinational universal bank and financial services holding company. It is the largest bank in Europe by total assets ahead of BNP Paribas, with US$2.953 trillion as of December 2021. In 2021, HSBC had $10.8 tril ...

* 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 HSBC InvestDirect is the retail electronic trading platform by HSBC Securities, for DIY Investors. HSBC InvestDirect is intended for those who understand the loss of capital investment risks involved in trading in the capital markets, since no ...

(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

HSBC Technology India

HSBC Technology India (HTI), previously called HSBC Global Technology (GLT), is part of

HSBC HSBC Holdings plc is a British multinational universal bank and financial services holding company. It is the largest bank in Europe by total assets ahead of BNP Paribas, with US$2.953 trillion as of December 2021. In 2021, HSBC had $10.8 tri ...

Technology, the Bank's technology function. HTI is located in

Pune Pune (; ; also known as Poona, (List of renamed Indian cities and states#Maharashtra, the official name from 1818 until 1978) is one of the most important industrial and educational hubs of India, with an estimated population of 7.4 million ...

India India, officially the Republic of India (Hindi: ), is a country in South Asia. It is the seventh-largest country by area, the second-most populous country, and the most populous democracy in the world. Bounded by the Indian Ocean on the so ...

, and

Hyderabad, India Hyderabad ( ; , ) is the capital and largest city of the Indian state of Telangana and the '' de jure'' capital of Andhra Pradesh. It occupies on the Deccan Plateau along the banks of the Musi River, in the northern part of Southern In ...

, 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

External links

About HSBC
{{DEFAULTSORT:HSBC Bank India Banking in India

Indian subsidiaries of foreign companies Software companies of India