Since its founding in 1865, HSBC has opened up a world of opportunities for its clients and customers.
As one of the largest banking and financial services organisations in the world, HSBC’s ambition is to be the preferred international financial partner for its clients, and this ambition extends to both Australia, and India, where the bank has a substantial presence.
HSBC’s history in India runs deep. Established as the Mercantile Bank in 1853, our operation in India actually predates HSBC’s founding by 12 years.
Today, we are India’s largest foreign bank by balance sheet, providing a range of services across banking, asset management, insurance and securities. We bank 46% of all multinationals present in India, and count more than 3000 local start-ups as clients, including 50% of the nation’s top 100 unicorns.
Our workforce of 44,000 allows us to support around 10% of India’s entire exports and foreign exchange, 10% of its foreign direct investment and 16% of its cross border custody assets.
We are committed to supporting India as it entrenches its status as one of the world’s largest and fastest growing major economies.
We were the first bank to be licensed to operate in GIFT city, India’s new financial gateway to the world. With our expertise in International trade and investment flows, and a global network with offices in 58 countries and territories, HSBC is uniquely placed to support the growth of GIFT City, and India.
Our story is similar in Australia.
Established in 1965, HSBC’s Australian operations include commercial and institutional banking, markets and securities services, international wealth and premier banking, and global trade and payments solutions.
By leveraging the Group’s network, HSBC Australia opens up a world of opportunities for businesses and individuals.
We are proud to have connected our Australian clients to global opportunities over the last 60 years, while helping international businesses to successfully expand to Australia.
We look forward to continuing to play our role in broadening the economic collaboration between Australia and India and are excited about what lies ahead.
