HSBC in India
The Hongkong and Shanghai Banking Corporation Limited traces its roots in India back to October 1853 when the Mercantile Bank of India was established in Mumbai. It offers a full range of banking and financial services through its 26 branches across 14 cities.
HSBC is one of India's leading financial services groups, across its banking, investment banking and capital markets, asset management, insurance, software development and global resourcing operations in the country. It is also amongst the largest multinational financial services employers with around 40,000 employees in its India franchise. It is a leading custodian in India, and a leading international bank for individuals and companies with global aspirations, facilitating their needs with presence in 64 countries. The Bank, one of the largest foreign banks operating in India, is at the forefront in arranging deals for Indian companies investing overseas and foreign investments into the country. With its extensive reach across Asia, North America and Europe, HSBC has the capacity to offer complete banking and financial solutions to India's burgeoning economy. It has also formed a joint venture life insurance company with Canara Bank and Oriental Bank of Commerce.
HSBC India recorded a PBT of USD 1006 million for FY 2019.
HSBC Holdings plc
HSBC Holdings plc the parent company of the HSBC Group, is headquartered in London. HSBC serves customers worldwide from offices in 64 countries and territories in our geographical regions: Europe, Asia, North America, Latin America, and Middle East and North Africa. With assets of US$2,715bn at 31 December 2019, HSBC is one of the world’s largest banking and financial services organisations.