HSBC Bank, India

HSBC Bank was founded in 1865 to serve the needs of the merchants of the China coast and finance the growing trade between China, Europe and the United States. The origins of HSBC Bank in India can be traced back to October 1853 when the Mercantile Bank of India, London and China was founded in Bombay.

In 1959, the Mercantile Bank of India was acquired by The Hongkong and Shanghai Banking Corporation (HSBC) and the head office of the HSBC Bank was established in Bombay (Mumbai). In 1987, HSBC Bank gave India its first ATM.

Through the 1990s, HSBC Bank blossomed into one of the leading banking and financial services organisations of the world. As on June 30 2004, the Bank has over 110 million customers worldwide with assets over US$1,154 billion. HSBC Bank has about 10,000 offices in 76 countries and territories in Europe, the Asia Pacific region, the Americas, the Middle East and Africa.