HSBC Bank is the second largest banks in the world only after Citi Group. It was originated as The Hong Kong and Shanghai Banking Corporation Limited founded in 1865 by Scotsman named Thomas Sutherland.
The bank started its first operation in Hong Kong and Shanghai the erstwhile British colony.
Presently it is a wing of HSBC Holdings plc and head quartered in London since 1990.
HSBC operates more than 80 countries spanning different continents including Asia, Europe, North America, South America, Africa and Austria. HSBC Bank is the largest bank in United Kingdom with large number of assets than any other banks. HSBC is a unique bank with holding more deposits than loans and advances placing it in a sound financial position.
HSBC Bank in India
HSBC Bank started operation in India at Bombay (Mumbai) in 1953 after acquiring Mercantile Bank of India. Subsequently offices were opened in major cities such as Madras (Chennai), Calcutta (Kolkatta), Kandy, Singapore, Hong Kong and London.
Today HSBC Bank is a major foreign bank in India and having offices more than 47 locations and 131 ATM Centers across India. This bank in India offers complete range of products with world class service to its corporate as well as individual customers.
HSBC has a steadily growing customer base, due to its sophisticated and efficient financial services. HSBC Bank operates in India under various wings such as, HSBC Asset Management (India) , HSBC Global Resourcing, HSBC Electronic Data Processing (India) , HSBC Insurance Brokers (India) , etc.,
HSBC Bank provides various types of banking and financial products aiming at different type of customer segments. In the Personal Banking front HSBC offers Personal Banking, Credit Card and Debit Card, Consumer loans, etc.
Technologically advanced HSBC cards provide instant access from large number of domestic and international ATMs. It also provides online banking systems and Anywhere Banking System. HSBC offers wide range of consumer banking products such as Housing loans, Vehicle loans and Personal loans.
For corporate customers HSBC offers various types of Banking Accounts, loans and advances. Treasure management, cash management, investment banking, foreign exchange management, forign trade credit are some of the services offered to business sector. HSBC Bank has won various awards for is excellence and services. Recently HSBC was adjudicated as the best bank in 2009 for SME Financing and also for Best Asset Quality.