HSBC Bank India

HSBC Bank India
Subsidiary of HSBC Holdings plc
Industry Finance and Insurance
Founded 1853 (as Mercantile Bank of India, London and China)
Headquarters Fort, Mumbai, Maharashtra, India
Key people
 Surendra Rosha
(CEO)
Hitendra Dave
(Country Head)[1][2]
Products Financial Services
Number of employees
 32,000 (as of Feb, 2015)[3]
Parent HSBC
Website www.hsbc.co.in

HSBC Bank India, is 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

HSBC Building in Bangalore
  • Retail Banking and Wealth Management
  • Commercial Banking
  • Global Private Banking
  • Global Banking and Markets[4]

HSBC Group members in India

A yellow ambassador taxi drives past the HSBC bank building in Kolkata.
  • 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 (formerly known as HSBC InvestDirect Securities (India) Limited)
  • HSBC InvestDirect Financial Service (India) Limited (formerly known as Investsmart Financial Services Limited) HSBC InvestDirect Sales & Marketing (India) Limited
  • HSBC Agency (India) Private Limited
  • HSBC Global Shared Services (India) Private Limited[4]

Other entities

An HSBC branch in Chennai
  • HSBC Asset Management (India) Private Limited
  • Global Service Delivery
  • HSBC Securities and Capital Markets (India) Private Limited
  • Global Software Development
  • Audit Services: HSBC Professional Services (India) Private Limited (HPSI)
  • HSBC InvestDirect: HSBC InvestDirect (India) Limited (HIDL)
  • Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited[4]

HSBC Technology India

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 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 China, Malaysia, Poland, and Canada.

References

  1. ↑ "HSBC India names Hitendra Dave as head of global banking & markets". 23 March 2016.
  2. ↑ "Stuart Milne named HSBC India CEO". Business Standard. Retrieved 30 June 2016.
  3. ↑ "HSBC's India headcount up by 1,000; US staff size down". The Hindu. Retrieved 30 June 2016.
  4. 1 2 3 "HSBC in India - About HSBC". Retrieved 30 June 2016.
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