Banks / HSBC India
Banks / HSBC India
CEO, India, HSBC — in office since June 2021 (initially as interim CEO, confirmed following regulatory approval). Has around 30 years' experience in Indian financial markets, over 20 of them with HSBC, and previously headed HSBC India's Global Banking & Markets business before taking over as CEO.
HSBC India is not a separately incorporated Indian company. It operates as branches of The Hongkong and Shanghai Banking Corporation Limited (a subsidiary of London-headquartered HSBC Holdings plc), licensed by the RBI under its foreign bank branch framework. The senior-most executive in India therefore holds the title CEO, India — not "MD & CEO" as at Indian-incorporated banks — and reports into HSBC's Asia-Pacific regional management line.
| Name | Tenure | Notable Period |
|---|---|---|
| Surendra Rosha | Aug 2018 – Jun 2021 | Moved to Hong Kong to become Co-Chief Executive, HSBC Asia-Pacific |
| Jayant Rikhye | Dec 2017 – Aug 2018 | Short tenure; stepped back on medical leave, succeeded by Rosha |
| Stuart Milne | ~2012 – Late 2017 | Five-year tenure as Country Head prior to Rikhye's appointment |
General queries can also be raised via chat in HSBC India's NetBanking or Mobile Banking app.
Mon–Fri, 6:30 am – 8:30 pm · Personal banking, credit cards, general enquiries
Smaller retail branch network than domestic banks, with a strong premier/wealth-banking-led deposit franchise.
Retail domestic Fixed Deposit rates below are fetched live from HSBC India's official rates page where possible. If the live fetch is unavailable, the last published rates are shown instead.
| Metric | CY2024 (Jan–Dec 2024) | CY2023 (Jan–Dec 2023) | FY2024-25 (India Annual Report) | FY2023-24 (India Annual Report) |
|---|---|---|---|---|
| Profit Before Tax (India operations) | ~US$1.68 billion | ~US$1.51 billion | Not independently verified — see official report | Not independently verified — see official report |
| PBT — Year-on-Year Growth | +11.3% | ~+19–25% (press estimates vary) | — | — |
| Wealth & Personal Banking (PBT) | ~US$96 million | ~ | ~ | ~ |
| Global Banking & Markets (PBT) | ~US$875 million | ~ | ~ | ~ |
| Commercial Banking (PBT) | ~US$448 million | ~ | ~ | ~ |
| Corporate Centre (PBT) | ~US$269 million | ~ | ~ | ~ |
| Total Deposits / Advances / Gross & Net NPA / CRAR | Not separately published in standalone form for the India branch in the sources reviewed for this page | |||