HSBC logo is seen on a branch bank in the financial district in New York
Credit: Reuters Photo
Mumbai: Eight years after it nearly halved its India presence to 26 branches, citing customer preference for digital banking, foreign lender HSBC on Friday announced a decision to open 20 new branches.
The London-headquartered lender has received the RBI approval for the new branches at different locations like Dehradun, Faridabad, Indore, Jalandhar, Kanpur, Ludhiana, Lucknow, Nashik, Patna, Rajkot and Vishakhapatnam, as per a statement.
"These new branches will help drive our International Wealth and Premier Banking proposition and build on our momentum with customers in India and our growing non-resident clientele around the world," its head for international wealth and premier banking Sandeep Batra said.