The Hongkong and Shanghai Banking Corporation Limited came up in Hongkong in March 1865 and launched itself to doing business with nations around the globe. The bank has more than 6000 branches and equal number of ATM around the world and offers services like Capital and Asset management, Investment Banking, Mortgages, Loans, Commercial and Personal banking, Global Markets & Treasury, giving business expertise to Companies, Investors, Customers, Large and Medium scale industries.
Factsheet of Hsbc Bank
| Bank Name | Hsbc Bank |
| Founded in | March 3, 1865 |
| Promoters/founders | Mr. Thomas Sutherland |
| Headquarter Address | The Hong Kong and Shanghai Banking Corporation Limited
1st Floor
52/60 Mahatma Gandhi Road,
Mumbai, 400 001
Maharashtra |
| Employee's | 219697 |
| Type of Bank | Private Bank |
| Official Website | https://www.hsbc.com/ |
| Customer Care Number | 18602662667, 22---22674921 |
History of the HSBC (Hong Kong and Shanghai Banking Corporation) Bank
The HSBC (Hong Kong and Shanghai Banking Corporation) Bank is the British Multinational Bank established in China in Hong Kong and Shanghai to boost the economic growth of the region. The bank was first established in the year March 3, 1865 about 160 years ago in Hong Kong, part of the UK colonies. The HSBC bank came into being in the year 1866 and it has the branches in areas around Europe,Asia, Africa, and the Oceanic regions. Britain had great interest in the areas around South China Sea and HSBC is a byproduct of that phenomenon.
HSBC Bank is the major bank offering great services in 70 plus nations around the globe. As per the survey done by the Forbes Magazine in 2020 it was the 6th largest bank in the world and 40th largest public company. We are having Personalised banking, Commercial banking, Global banking and Retail Banking as well. HSBC is one of the bank having a listing on the Hong Kong Stock Exchange, London Stock Exchanges, Mumbai Stock Exchange and a vital part of the Hang Seng Index and the FTSE 100 Index.
It is also making its presence in the Bermuda Stock Exchange and the New York Stock Exchanges as well. The Head office of the Hong Kong and Shanghai Banking Corporation is located at London in the UK.
Mr. Thomas Sutherland is the founder and the CEO is Noel Quinn.
Subsidiaries of HSBC (Hong Kong and Shanghai Banking Corporation) Bank
The Hsbc (Hong Kong and Shanghai Banking Corporation) Bank are given below as follows:
- HSBC India.
- HSBC Greece.
- HSBC Armenia.
- HSBC Singapore.
- HSBC Bangladesh.
- HSBC Bank Jordan.
- HSBC Saudi Arabia.
- HSBC Bank Vietnam.
- HSBC Bank Bermuda.
- HSBC Bank Argentina.
- HSBC Bank Indonesia.
- HSBC Bank Philippines.
- HSBC Bank Middle East.
Banking Services offered by HSBC (Hong Kong and Shanghai Banking Corporation) Bank
There are various banking services offered by the Hsbc (Hong Kong and Shanghai Banking Corporation) Bank are as follows:
- Email Alerts.
- Smart Money.
- Mutual Funds.
- SMS Banking.
- Fixed Deposits.
- Staff Pensions.
- Joint Accounts.
- Demat Account.
- Internet Banking.
- Savings Deposit.
- Current Deposit.
- Savings Account.
- Current Account.
- Mariners Account.
- Recurring Deposit.
- Personal Banking.
- Gold Money Transfer.
- Debit and Credit Card.
- Global Money Markets.
- Customised Cheque Facility.
- Customised Bank Passbook.
- Corporate Employee Programs.
- Inward and Outward Remittances.
Loans and credit facilities provided by HSBC (Hong Kong and Shanghai Banking Corporation) Bank
There are various credit and loan facilities offered by the HSBC bank and they are given below as follows:
- Home Loan.
- Gold Loans.
- Holiday Loan.
- Personal Loan.
- Education Loan.
- Business Loans.
- Credit Card Limit.
- Over draft facilities.
- Loan Against Properties.
- Loan Against Securities.
Legal Issues
There are various legal issues and controversies in the functioning of the Hong Kong and Shanghai Banking Corporation are given below as follows:
- In 2003 and 2010, U.S. regulators ordered HSBC to strengthen its anti-money laundering practices.[
- In 2020, HSBC told AUSTRAC that it has broken Australia's anti money laundering and counter-terrorism laws.
- In 2012, HSBC was fined by $14 million by Argentina for its inability to report suspicious transactions in the country in 2008.
- HSBC has also been accused of laundering money for terrorist groups in Middle East, South Asia, Africa and the United States.
- On 9 November 2012, Indian politician Mr. Arvind Kejriwal, the Chief Minister of Delhi said he had data about the 700 plus Indian bank accounts hiding black money with value of INR 60 billion with HSBC Geneva.
- In June 2015, HSBC was imposed the fine by the Geneva authorities after an investigation into money laundering within its Swiss subsidiary. The fine was 40 million Swiss Francs.
Awards and Recognition
- Risk Awards 2020.
- IFR Awards 2019.
- Asia Insurance Industry Awards 2020.
- Euromoney Awards for Excellence 2020
- Stonewall Top Global Employers List 2020.
- The Banker- Financial Inclusion Award 2019.
- Insurance Asset Management Awards 2019.
- Euromoney Cash Management Survey 2020.
- The Banker Investment Banking Awards 2020.
- The Banker Transaction Banking Awards 2020.
- HFM European Hedge Fund Services Awards 2020.
- The Banker Innovation in Digital Banking Awards 2020
- PWM/The Banker Global Private Banking Awards 2020.
- Global Capital Sustainable and Responsible Capital Markets Awards 2019.
Hsbc Bank has 30 IFSC connected branches in India. Bank has branches in following states:
- ANDHRA PRADESH
- CHANDIGARH
- DELHI
- GUJARAT
- HARYANA
- KARNATAKA
- KERALA
- MAHARASHTRA
- RAJASTHAN
- TAMIL NADU
- UTTAR PRADESH
- WEST BENGAL
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