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.
Annual Report : 2023 - 24 English PDF 829.62 KB
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March 2024 English PDF 378.33 KB
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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:
Businesses led by women play a vital role in the UK economy, but a lack of access to funding is a significant hurdle in their attempts to grow, innovate and create jobs, says Stephanie Betant, Head of Global Trade Solutions, HSBC UK.
We’re delivering real benefits to our clients by embedding our payment capabilities in the platforms they use to run their businesses, says Manish Kohli.
Artificial intelligence is helping us find and tackle financial crime faster and more thoroughly than ever before, says Jennifer Calvery.