HSBC inaugurates international banking unit in Gujarat

Global financial services major HSBC has inaugurated it’s International Banking Unit (IBU) branch at GIFT City near Gandhinagar city in Gujarat. HSBC is one of the earliest global financial institutions setting up a branch at India’s GIFT City and was the first bank to get a licence from the newly set up International Financial Services Centres Authority (IFSCA). HSBC’s IBU branch at Gujarat International Finance Tec-City (GIFT City) will be operational for customer transactions with effect from January 27.

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About the HSBC:

HSBC has been present in the country for more than 160 years and its fourth branch globally was opened in India. HSBC operates in all of the leading international financial service hubs in the world and looks forward to the development of GIFT City as a globally competitive international financial centre.

Important takeaways for all competitive exams:

  • HSBC Bank India CEO: Surendra Rosha.
  • HSBC Bank India HQ: Mumbai, Maharashtra.

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