HSBC Bank has its roots in India since 1853. This is one of the biggest banking and financial institutions in the world. This bank annexed the Mercantile Bank in 1959. HSBC stands for Honkong and Shanghai Banking Corporation Limited. Mercantile bank had branches in Mumbai, Chennai, London, Madras, Kandy and Kolkata in 1855. The HSBC bank purchased Mercantile Bank in 1959.

This bank is active in development of banking and financial sector in India. This Bank introduced ATMs in India for the first time, the First ATM center being opened in Mumbai in 1987.

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