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HSBC product for small businesses
Published on Wed, Jul 09, 2008 at 08:36 , Updated at Wed, Jul 09, 2008 at 08:47
Source : Business Line
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Mumbai, July 8 HSBC India has launched an online product for SMEs, which offers facilities such as zero balance requirements, free online transactions, free cash withdrawal up to Rs 2 lakh at 23,000 Visa ATMs and multiple debit cards.
Ms Kidwai said, “We have a huge focus on SMEs. This way we can get to SME clients through technology.” India is the third country after UK and Ireland that HSBC Direct has been launched. It will next be launched in Hong Kong, said Ms Margaret Leung, Group General Manager and Global Co-Head Commercial Banking, HSBC. Mr Puneet Chadda, Managing Director and Head of Commercial Banking, HSBC India, said this product allows multiple channels such as Internet and mobile banking. Taken from Business Line |
The bank hopes to overcome the constraints of a limited branch network and attract more SME clients through the product called HSBC Direct, said Ms Naina Lal Kidwai, CEO and Country Head, HSBC India. Messages on Business Talk
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