HSBC Bank India
| Company type | Subsidiary |
|---|---|
| Industry | Finance and Insurance |
| Founded | 1853 (originally established as Mercantile Bank of India, London and China) |
| Headquarters | Fort, Mumbai, Maharashtra, India |
Key people | Hitendra Dave (CEO) |
| Products | Financial services |
Number of employees | 36,000 (as of June 2018) |
| Parent | HSBC |
| Website | hsbc.co.in |
HSBC Bank India, officially known as the Hongkong and Shanghai Banking Corporation Limited, India, is a foreign bank incorporated in Hong Kong SAR with limited liability. It operates under the regulatory framework of the Reserve Bank of India (RBI) pursuant to the Banking Regulation Act, 1949. The bank has been registered since 1 January 1983 with registration number F00947, and its principal office is situated in Mumbai.[1]
Business Divisions
- Wealth and Personal Banking
- Commercial Banking
- Global Banking and Markets
- Credit Cards
HSBC Group Entities 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
HSBC Technology India
HSBC Technology India (HTI), previously known as HSBC Global Technology (GLT), serves as the technology division of HSBC, headquartered in Pune with an additional center in Hyderabad. Operating for over fifteen years, HTI delivers support for a significant portion of HSBC’s software applications.
Pradip Menon heads HTI and concurrently holds the positions of global CIO for Retail Banking and Wealth Management as well as Global Head of Application Development and Maintenance.
Beyond India, HSBC’s technology operations extend to centers located in Sri Lanka, China, Malaysia, Poland, and Canada.