About
HSBC’s origins in India date back to 1853 when the Mercantile Bank of India was established in Mumbai. The bank has grown steadily and now offers prod
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ucts and services to corporate and commercial banking clients and retail customers.
The Mercantile Bank of India, London and China was founded in Bombay (now Mumbai). By 1855, the Mercantile Bank had opened offices in London, Madras (Chennai), Colombo, Kandy, Calcutta (Kolkata), Singapore, Hong Kong, Canton (Guangzhou) and Shanghai. In 1950 it moved into its new head office building at Flora Fountain in Mumbai.
The Mercantile Bank was bought in 1959 by The Hongkong and Shanghai Banking Corporation Limited. Founded in 1865 to serve the needs of the merchants of the China coast and finance the growing trade between China, Europe and the US, HSBC has been an international bank from its earliest days.
HSBC in India has been active in the development of the Indian banking industry - even giving India its first ATM in 1987
CSR Policy
Grant Value
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2023-24
Grant ValueRs. 1,15,78,35,000CSR BudgetRs. 1,15,78,35,000 -
2022-23
Grant ValueRs. 11,57,83,500 -
2021-22
Grant ValueRs. 1,07,95,41,000CSR BudgetRs. 1,07,90,00,000
Organisations Supported
Programs
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Promoting Education
DescriptionHSBC India has a strong commitment to supporting education through various projects aimed at skills development, remedial education, civic literacy, and financial literacy. In 2015, these initiatives reached over 54,000 children, young people, and women across Karnataka, Maharashtra, Manipur, Rajasthan, and Telangana. Since 2016, all community investments in education have been part of the HSBC Skills for Life Programme, which was launched in 2015 with a budget of INR 1 billion. This five-year programme focuses on three key areas: developing employment-related skills for young people to ensure sustainable livelihoods in local industries; enhancing teacher training to improve educational quality; and providing entrepreneurship and financial education for women in disadvantaged rural and urban communities, empowering them to manage finances and establish businesses.
CauseEducation -
Global HSBC Youth Opportunities Programme
DescriptionThe HSBC Youth Opportunities Programme, previously known as Future First, is the organisation's primary global education initiative, designed to provide marginalised children and young people aged 3-25 with access to education, vocational training, and essential life skills for a better future. Launched in 2006 with funding of USD 40 million, it has benefited 953,071 individuals across 62 countries, supporting street children and those at risk. HSBC allocated an additional USD 9 million for the programme from 2016 to 2018. Managed by the India Corporate Sustainability team, the programme has collaborated with several organisations, including Butterflies, Shoshit Seva Sangh, Salaam Baalak, SUPPORT, Doorstep, SAATH Charitable Trust, Bandhan Konnagar, Kherwadi Social Welfare Association, and SOS Children’s Villages, to further its mission.
CauseEducationSupported NGOsPartners for Global HSBC Youth Opportunities Programme -
HSBC Water Programme
DescriptionLaunched in 2012, the HSBC Water Programme is a global initiative with a commitment of USD 100 million over five years, partnering with three non-governmental organisations: WWF, WaterAid, and Earthwatch. Its aim is to enhance water resource management in ten major river basins and to ensure safe water and sanitation for millions. In India, HSBC collaborates closely with these partners. Earthwatch Institute India has established four long-term research projects in cities such as Delhi and Pune, involving HSBC employees in Citizen Science Leadership training for urban freshwater research. WaterAid India has improved access to safe water for over 300,000 individuals and sanitation for another 390,000 across several states. WWF India has engaged more than 277,000 people through key campaigns focused on river conservation.
CauseWaterSupported NGOsPartners for HSBC Water Programme
Annual Reports
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2023
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2022
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2021
In the News
Awards & Recognitions
1. HSBC's partnership with CWAS received recognition in the WASH category at the 7th Edition of the CSR Impact Awards : 2021
2. HSBC's PAS Project was appreciated at the FICCI Water Awards : 2021
3. HSBC received recognition from the Sinnar Municipal Council for its support in improving sanitation in Sinnar : 2019
4. HSBC received the 9th Edition of the FICCI Water Award in the “Urban Wastewater Management” category for its work in Sinnar : 2021
Location
Contact
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Email ID
shalaka.kagathra@hsbc.co.in
Point of Contact
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Name
Snehha Madhyani