Advertisement
HSBC India has launched a new branch in Vadodara, its 27th in the country and second in Gujarat, targeting affluent, HNW, UHNW, and non-resident clients. The move comes after regulatory approval to open 20 new branches nationwide. Vadodara's growing industrial and wealth landscape makes it a strategic location. HSBC continues to expand its network across 15 cities and provides comprehensive financial services. The bank has maintained a presence in India for over 170 years and supports both local and international financial needs of its customers.
HSBC India has inaugurated a new branch in Vadodara, Gujarat, marking the bank's 27th branch in India and its second in the state. This move comes after the Reserve Bank of India granted approval earlier this year for HSBC to open 20 additional branches in key cities across the country. The Vadodara branch is aimed at addressing the growing financial and wealth management needs of affluent, High Net Worth (HNW), Ultra High Net Worth (UHNW), and non-resident clients in the city, which is witnessing rapid industrial growth and emerging as a hub for wealth creation. Advertisement
The expansion highlights HSBC's continued focus on the wealth segment in India. The bank offers a comprehensive range of services across International Wealth and Premier Banking, as well as Corporate and Institutional Banking. According to Sandeep Batra, Head of International Wealth and Premier Banking at HSBC India, the branch reflects the bank's commitment to being closer to its clients and providing tailored financial solutions. He emphasized that as economic growth and personal wealth rise, affluent customers are increasingly seeking a reliable partner capable of serving them both in India and internationally.
With this addition, HSBC now operates 27 branches across 15 cities in India, maintaining a presence in the country for over 170 years. The bank has also announced plans to expand further, with branches set to open in cities including Amritsar, Bhopal, Bhubaneswar, Dehradun, Faridabad, Indore, Jalandhar, Kanpur, Ludhiana, Lucknow, Mysuru, Nagpur, Nashik, Navi Mumbai, Patna, Rajkot, Surat, Thiruvananthapuram, and Vishakhapatnam.
HSBC India provides a wide range of banking and financial services, with a workforce of around 44,000 employees engaged in banking, investment banking, capital markets, asset management, insurance, software development, and global resourcing operations. The bank also plays a key role as a custodian and facilitates deals involving Indian companies investing abroad as well as foreign investments into India.
HSBC Holdings plc, the parent company headquartered in London, serves clients globally through offices in 60 countries and territories. As of 30 September 2024, HSBC reported total assets of USD 3,099bn, establishing it as one of the world's largest banking and financial services organisations.
Source PTI
5th Jun, 2025
25th May, 2023
11th May, 2023
27th Apr, 2023
Advertisement
Facebook
Whatsapp
