New Delhi: HSBC India has recently announced the opening of its largest branch office, spanning 8,300 square feet, located in the bustling city of Whitefield, Bengaluru. This strategic move reflects HSBC’s intent to tap into the vibrant economic landscape and growing affluence of one of the world’s fastest-growing economies. By solidifying its strong presence as the leading international bank in the country, HSBC India celebrates a significant milestone.
The inauguration of the new branch was graced by Hitendra Dave, CEO of HSBC India, and Sandeep Batra, Head of Wealth and Personal Banking at HSBC India. To commemorate this momentous occasion, HSBC India organized a three-day extravaganza, which included a star-studded lineup of celebrities such as Bollywood actor Vaani Kapoor, former Indian cricketer VVS Laxman, and stand-up comedian Aiyyo Shraddha.
The grand celebration featured a diverse array of engaging activities, ranging from captivating Yakshagana performances, a traditional Indian art form, to an inspiring art exhibition, soul-stirring sitar performances, mesmerizing sand art displays, and a historical walk. Attendees also had the opportunity to tour the newly launched branch and experience the ambiance of the lavish coffee house.
Situated in the heart of Whitefield, this new branch is strategically positioned to cater to the unique financial needs of the rapidly growing tech community. It offers them access to an extensive international network, a wide range of products, bespoke wealth solutions, and specialized relationship managers. HSBC India aims to provide comprehensive support to the tech community in managing their day-to-day finances, as well as assisting in the growth, protection, and management of their wealth. Additionally, the branch offers commercial banking services, global banking and markets capabilities, and expertise in global private banking.
Whitefield, known for its robust infrastructure, large commercial and residential developments, and excellent road and metro connectivity, has emerged as a key Information Technology (IT) hub. Its proximity to Bengaluru South, with improved connectivity, has contributed to a per capita income of USD$ 11,305 (Rs 9,36,983)1, which is significantly higher than India’s overall per capita income of USD$ 2,610 (Rs 2,16,316)2. Moreover, Whitefield accounts for 24%3 of Bengaluru’s office supply, reaffirming its economic vitality and increasing affluence. These factors make it a natural choice for HSBC’s expansion efforts.
The new branch, housed in the Pardhanani Wilshire III building, showcases a digital-themed office covering 8,300 square feet. It encompasses a retail branch, a Premier area, and a dedicated back-office for HSBC employees. The branch offers a broad range of services, including banking transactions, wealth management solutions, international account opening assistance, lending services, and ATM facilities.
Operating from Monday to Saturday (excluding the 2nd and 4th Saturdays) between 10 am and 4 pm, this HSBC branch is poised to provide convenient and comprehensive banking services to the thriving Whitefield community. With its luxurious interiors and the addition of a lavish coffee house, customers can expect a blend of personalized services, cutting-edge technology, and a welcoming atmosphere at this state-of-the-art branch.
Sandeep Batra, Head, Wealth and Personal Banking, HSBC India, said, “Entrepreneurialism and innovation are fueling wealth creation in India and at HSBC India, we embrace this spirit by strengthening our presence further. India has the third largest population of tech unicorns globally, and we bank 50% of the top 100 unicorns in the country. Whitefield is the right place for us to set up our ultra-modern luxury branch that will complement HSBC’s leading offerings, world class services and access to international network. We believe that by nurturing and supporting the entrepreneurial endeavors in Whitefield, we can contribute not only to the growth aspirations of individuals and businesses but also to the broader prosperity of India’s evolving economy.”
HSBC’s investment in this expansion reflects its commitment to serving the evolving needs of the tech community and contributing significantly to the growth of India’s economy. With its strong foothold in the country, HSBC India aims to remain at the forefront of the financial industry, catering to the diverse aspirations and financial preferences of its valued customers.
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