HSBC India announced $250 Million lending support for Indian start-ups

Hong Kong and Shanghai Banking Corporation Limited, India (HSBC India) has announced USD 250 million in lending support for high-growth, technology-led start-ups in India, which has the world’s third-largest start-up ecosystem. HSBC will administer the lending via its commercial banking division. It has also not mentioned any specific timeframe for disbursal of the amount.

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HSBC stated that the lending will be done to high-growth, tech-led startups in the third largest startup ecosystem in the world. HSBC has prepared a credit model and offerings to suit the specific requirements of a wide spectrum of startups and new-age entities, ranging from growth stage to unicorns.

Important takeaways for all competitive exams: 

• HSBC India Founded: 1853;
• HSBC India Headquarters: Mumbai, Maharashtra;
• HSBC India CEO: Hitendra Dave.

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