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.

Sumit Arora Last updated on June 17th, 2022 02:02 pm Leave a comment

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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Sumit Arora

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As a team lead and current affairs writer at Adda247, I am responsible for researching and producing engaging, informative content designed to assist candidates in preparing for national and state-level competitive government exams. I specialize in crafting insightful articles that keep aspirants updated on the latest trends and developments in current affairs. With a strong emphasis on educational excellence, my goal is to equip readers with the knowledge and confidence needed to excel in their exams. Through well-researched and thoughtfully written content, I strive to guide and support candidates on their journey to success.