HSBC, Andra Pradesh

HSBC’s origins in India date back to 1853 when the Mercantile Bank of India was established in Mumbai. The bank has grown steadily and now offers products and services to corporate and commercial banking clients and retail customers. The Mercant nking clients and retail customers. The Mercantile Bank of India, London and China was founded in Bombay (now Mumbai). By 1855, the Mercantile Bank had opened offices in London, Madras (Chennai), Colombo, Kandy, Calcutta (Kolkata), Singapore, Hong Kong, Canton (Guangzhou) and Shanghai. In 1950 it moved into its new head office building at Flora Fountain in Mumbai. The Mercantile Bank was bought in 1959 by The Hongkong and Shanghai Banking Corporation Limited. Founded in 1865 to serve the needs of the merchants of the China coast and finance the growing trade between China, Europe and the US, HSBC has been an international bank from its earliest days. HSBC in India has been active in the development of the Indian banking industry - even giving India its first ATM in 1987. Wealth and Personal Banking: The Bank offers a wide range of services and products to resident as well as non-resident Indian customers based in various countries across the globe. Commercial Banking: Commercial Banking (CMB) provides services to business and corporate clients. Our services include business accounts, global payments solutions, trade services, and a range of borrowing solutions. Global Banking & Markets: Global Banking & Markets business provides financial products and services for corporate and institutional clients. This includes transaction banking, treasury services, investment banking, advisory, capital markets, foreign exchange, fixed income and derivatives. Global Asset Management: HSBC Asset Management (India) Private Limited, investment manager to HSBC Mutual Fund, offers a flexible product range to individual and institutional investors including fixed income/pension mandates for large institutional clients. Global Service Centres (GSCs): Located in Bangalore, Chennai, Hyderabad, Kolkata and Vizag, the GSCs undertake offshore operations, supporting all HSBC global businesses. Over 24,000 employees at the GSCs perform processing and analytical tasks to fulfil customer payments, transactions, regulatory compliance and everyday banking needs, processing around 1.7 trillion customer transactions each year including 380 payments every second. HSBC Securities and Capital Markets (India) Private Limited: HSBC Securities and Capital Markets (India) Private Limited offers services in Investment Banking (IB), Infrastructure and Real Estate, Equities research and stock broking. The IB business includes mergers and acquisition advisory services and equities capital markets. Infrastructure and Real Estate Group services are provided to governments, large corporates and top-tier banks. Equities research and stock broking primarily cater to the institutional client base which includes foreign institutional investors, foreign portfolio investors, local institutions, mutual funds, insurance companies, and select high net worth and corporate clients. HSBC Software Development (India) Private Limited: Established more than 15 years ago, HSBC Software Development (India) Pvt. Ltd. (HSDI) is part of the global HSBC Technology function. It has more than 7500 employees across its global in-house centres in Hyderabad and Pune, who work in agile multi-disciplined DevOps pods, providing fintech services for the majority of HSBC’s global software eco-system. Through its scale, connectivity and co-located teams, HSDI offers a unique strategic advantage to the Bank. Click hereOpens in new window for information about working for HSBC Technology. Audit Services: HSBC Professional Services (India) Private Limited (HPSI) provides internal audit services to global businesses and global functions across the HSBC Group and is also involved in regional audit work in Asia-Pacific. HSBC InvestDirect: HSBC InvestDirect (India) Limited (HIDL) through its subsidiary HSBC InvestDirect Financial Services (India) Limited (HIFSL) offers lending to high net worth individuals and corporate customers. Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited: This is a joint venture between Canara Bank, Oriental Bank of Commerce and HSBC Insurance (Asia Pacific) Holdings Limited.