HSBC India on Thursday announced that it has received approval from the Reserve Bank of India (RBI) to open 20 new bank branches in key cities.
The cities where the new branches will be opened are Amritsar, Bhopal, Bhubaneswar, Dehradun, Faridabad, Indore, Jalandhar, Kanpur, Ludhiana, Lucknow, Mysuru, Nagpur, Nashik, Navi Mumbai, Patna, Rajkot, Surat, Thiruvananthapuram, Vadodara, and Vishakhapatnam, according to an HSBC statement.
These cities have been identified for their growing wealth pools, serving as additional touchpoints for affluent, high net worth and ultra-high net worth clients with domestic and international wealth and banking needs, the statement said.
Currently, HSBC has a network of 26 branches across 14 cities in India, including a recently inaugurated 8,300 square-foot branch in Bengaluru – its largest in the country to date.