Lucknow,

19 Dec (HS): On Friday, HSBC India opened its new branch in Lucknow. Following

the Reserve Bank of India's clearance earlier this year to build 20 new

branches, the Lucknow location becomes HSBC's 30th in India. This is

a key step in the bank's development plan and demonstrates its trust in Uttar

Pradesh's rapidly changing economic landscape.

Uttar Pradesh Deputy Chief Minister Brajesh Pathak, top HSBC India officials,

and Akshaya Patra Foundation members all attended the opening ceremony. Welcoming

HSBC's expansion, the Deputy Chief Minister emphasized Uttar Pradesh's fast

development and rising appeal to international corporations, noting that the

state's economic stature and velocity underscore the growing need for global

financial institutions. Uttar Pradesh has emerged as India's major growth

engine, owing to large-scale infrastructure development, rising investment

inflows, and increased wealth generation.

Sandeep

Batra, Head, International Wealth and Premier Banking, HSBC India, stated that

given the state's strong economic growth and wealth creation, there is a rising

desire among domestic and global corporations, as well as individuals, to

establish and extend their presence here.

As India's largest international bank, we are devoted to assisting

our clients in accessing opportunities both in India and throughout the world,

as well as accomplishing their financial objectives. Our new Lucknow branch underscores

our commitment to providing world-class banking solutions closer to where our

customers need them, Batra said.

New

branches will be opened in Bhopal, Bhubaneswar, Dehradun, Faridabad, Jalandhar,

Kanpur, Ludhiana, Mysuru, Nagpur, Nashik, Navi Mumbai, Patna, Rajkot, Surat,

Thiruvananthapuram, and Visakhapatnam. Brajesh Pathak, Uttar Pradesh's Deputy

Chief Minister, was also in attendance.

Hindusthan Samachar / Abhishek Awasthi