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HSBC Review

The Hong Kong and Shanghai Banking Corporation Limited (HSBC) is one of the largest banking and financial services. Established in 1865, its headquarters is in London. The tag line of HSBC is that it is world's local bank, as its network consists of 9,500 offices in 85 countries located in Asia-Pacific, the Middle East, Europe and North America. In India, we have the HSBC branches in Ahmedabad, Bangalore, Chennai, Chandigarh, Coimbatore, Gurgaon, Hyderabad, Jaipur, Kochi, Kolkata, Ludhiana, Mumbai, New Delhi, Noida, Pune, Thane, Trivandrum and Visakhapatnam.There are also around 200,000 shareholders of HSBC in some 100 countries and territories. The chairman of HSBC is S K Green.

HSBC provides a wide range of financial services which includes personal, private and commercial banking, corporate investment banking and market, and many other activities. It also offers the international Gold and Classic credit cards, master card and debit card from VISA. The efficient and convenient advanced technology applied by HSBC helps in delivering better financial services. In fact, in India, HSBC provides its service through its 24 hours banking, its integrated call centre and also through the its e-banking. Hence, HSBC feels proud of being known as one of the main pillar of banking around the world, as its values and principles inherent in all our everyday dealings.

The main strategy of HSBC is its sustainability and that is why it focuses on a long term customer relationships, best customer service and transparency, which in turn leads to achieving life term profit and growth. In 2007, the weakness in American property market affected its US subsidiary and this also had a major impact on HSBC. By the end of the year, HSBC was the first bank to handle the situation along with continuous expansion of its business in other countries. It came out with bright ideas and products, which helped in capturing the market. As a result, in July 2008, HSBC achieved the recognition of becoming the topmost bank of the world.

HSBC, as per its achievements so far is proving to become one of the best place to bank & is trying to reach each & every individual for better customer service by becoming the world’s best local bank.