HSBC to shut down half of its branches in India, 300 Jobs to go
Free Current Affairs to Your Email
Posted on:21 May 2016 14:56:56
21 May 2016 Current Affairs: UK based banking giant, HSBC Holding Plc stated that it plans to close 24 branches in India. The decision comes after a strategic review of its retail banking and wealth management business showed customers are increasingly opting for digital banking services. This decision will impact around 10 % of the company's retail customer base and lead to 300 jobs losses.
Presently, HSBC employs over 33,000 people in the country. But now the bank would consolidate from 50 branches across 29 cities to 26 branches across 14 cities, and the closures will take place gradually over the next few months.
HSBC Bank : HSBC Bank plc is one of the largest banking and financial services organisations in the world. HSBC's international network comprises around 7,500 offices in over 80 countries and territories in Europe, the Asia-Pacific region, the Americas, the Middle East and Africa.HSBC Bank plc is one of the four major clearing banks in the United Kingdom and is a wholly owned subsidiary of HSBC Holdings. The business ranges from the traditional High Street roles of personal finance and commercial banking, to private banking, consumer finance as well as corporate and investment banking. Across all brands the bank operates some 1800 sites in the UK.
FreshersLive - No.1 Job site in India. Here you can find latest 2017 government as well as private job recruitment notifications for different posts vacancies in India. Get top company jobs for both fresher and experienced. Job Seekers can get useful interview tips, resume services & interview Question and answer. Practice online test free which is helpful for interview preparation. Register with us to get latest employment news/rojgar samachar notifications. Also get latest free govt and other sarkari naukri job alerts daily through E-mail.