HSBC Bank India HSBC Bank India HSBC Bank India, is an Indian subsidiary of UK-based HSBC Holdings plc, is a bank with its operational head office in Mumbai. It is a foreign bank under the Banking Regulation Act, 1949 and thus is regulated by the Reserve Bank of India (RBI). HSBC Technology India (HTI), previously called HSBC Global Technology (GLT), is part of HSBC Technology, the Bank's technology function. HTI is located in Pune, India, and Hyderabad, India, with the former being the headquarters. HSBC Technology India has been in existence for over 15 years, and currently supports majority of the software products
Banking in India system to allow cheque truncation—the conversion of checks from physical form to electronic form when sending to the paying bank—in India, the cheque truncation system as it was known was first rolled out in the National Capital Region and then rolled out nationally. Physical as well as virtual expansion of banking through mobile banking, internet banking, tele banking, bio-metric and mobile ATMs etc. is taking place since last decade and has gained momentum in last few years. A huge data breach on debit cards issued by various Indian banks was reported in October 2016. It was estimated 3.2 million debit