The Hongkong and Shanghai Banking Corporation Limited opened in Hong Kong on 3 March 1865 and in Shanghai one month later. It was the first locally owned bank to operate according to Scottish banking principles.
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.
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For details about HSBC’s global operations, Group board members and financial results, go to our corporate website
HSBC serves its customers in India through our three global businesses:
The private credit market has existed as an asset class for decades and looks set to continue to grow, says Scott McClurg.
Hiring future talent for the skills they have, rather than the subjects they have studied, creates a more diverse workforce and gives us a competitive edge, says Noel Brown.
The UK’s innovation economy remains the envy of Europe and the role universities play in this should not be overlooked, says Simon Bumfrey.