HSBC

HSBC's origins in India date back to 1853, when the Mercantile Bank of India was established in Mumbai.
The Bank has since, steadily grown in reach and service offerings, keeping pace with the evolving
banking and financial needs of its customers.

In India, the Bank offers a comprehensive suite of world-class products and services to its corporate and
commercial banking clients as also to a fast growing personal banking customer base.

150 Years

The antecedents of the HSBC Group in India can be traced back to October 1853 when the Mercantile
Bank of India, London and China was founded in Bombay (now Mumbai). Starting with an authorised
capital of Rs 5 million, the Mercantile Bank soon opened offices in London, Madras(Chennai), Colombo
and Kandy, followed by Calcutta(Kolkata), Singapore, Hong Kong, Canton(Guangchow) and Shanghai by
1855. The following hundred years were in many ways propitious for the Mercantile Bank. In 1950 it
moved into its new head office building in Mumbai, at Flora Fountain.

The acquisition in 1959 by The Hongkong and Shanghai Banking Corporation Limited of the Mercantile
Bank was a decisive factor in laying the foundation for today's HSBC Group. Founded in 1865 to serve
the needs of the merchants of the China coast and finance the growing trade between China, Europe
and the United States, HSBC has been an international bank from its earliest days.

After the Mercantile Bank was acquired by The Hongkong and Shanghai Banking Corporation, the Flora
Fountain building became and remains to this day, the Head Office of the HSBC Group in India.

Through the 1990s, HSBC has vigorously developed its role as one of the leading banking and financial
services organisations in the world. Its strategy of 'managing for value' emphasises the Group's unique
balance of business and earnings between older, mature economies and faster-growing emerging
markets.

HSBC in India is proud to have retained the Group's pioneering streak by being an active partner in the
development of the Indian banking industry - even giving India its first ATM way back in 1987. The
organisation's adaptability, resilience and commitment to its customers have further enabled it to
survive through turbulent times and prosper through good times over the past 150 years.
Awards and Recognition
Business World and Federation of Indian Chambers of Commerce and Industry (FICCI) – Socio Economic
Development Foundation (SEDF) Corporate Social Award 2007 from
Shri APJ Abdul Kalam, then President of India

The Economic Times Awards For Corporate Excellence 2006–07 – Corporate Citizen Award nomination

Michael Geoghegan

Michael Geoghegan CBE became the HSBC Group's Chief Executive on 26 March 2006, he joined HSBC in
1973 and has previously lead the group's South American and European operations

CEO of HSBC (December 19th 2007 onwards), HSBC Bank (March 22nd 2010 onwards)

Why HSBC??
HSBC has been ranked as the World¯s Most Valuable Banking Brand with a brand value of USD 35.4
billion. It has also recently been ranked as the World¡¯s Top Bank by The Banker magazine.