Expanding wealth services for Affluent, HNW, UHNW, and non-resident Indians in fast growing industrial and wealth corridor
HSBC India today unveiled its new branch in Nagpur, Maharashtra, strengthening the
bank’s presence in one of India’s emerging wealth and industrial centres. This is HSBC
India’s first branch launch in 2026, following four branch launches in 2025 after the Reserve
Bank of India’s approval in January 2025 to open 20 new bank branches in key cities.
Maharashtra, India’s largest state economy in absolute terms 1 , continues to lead on
investment, banking activity and GST collections, driven by its diversified economy
spanning agriculture, industry and services. With proximity to key freight corridors, Nagpur
has steadily emerged as a key economic and industrial hub, for commerce, manufacturing,
logistics and services – attracting businesses and investors and creating new pathways for
entrepreneurship, wealth creation and international connectivity. As this momentum
accelerates, HSBC’s global network and international capabilities can support cross-border
ambitions of businesses as well as globally minded individuals and families.
Commenting on the launch, Sandeep Batra, Head of International Wealth and Premier
Banking, HSBC India, said, “Nagpur’s growth story is being shaped by rising aspirations,
increasing entrepreneurship and deeper links to India’s and the world’s economic corridors.
As India’s leading international bank, we remain focused on helping our clients seize
opportunities and achieve their ambitions—whether in India or internationally. Our new
branch in Nagpur reflects our commitment to delivering exceptional banking solutions right
where our customers need us.”
With the addition of the new branch, HSBC India continues to expand its footprint in the
country as it builds out its wealth proposition for clients across International Wealth and
Premier Banking, alongside its Corporate and Institutional Banking franchise. HSBC has
maintained a strong presence in India for over 170 years, supporting customers in their
financial journeys both locally and globally.
HSBC India opened new branches in Amritsar, Indore, Vadodara and Lucknow in 2025.
Further, HSBC India plans to open branches in Bhopal, Bhubaneswar, Dehradun,
Faridabad, Jalandhar, Kanpur, Ludhiana, Mysuru, Nashik, Navi Mumbai, Patna, Rajkot,
Surat, Thiruvananthapuram and Vishakhapatnam, as part of the expansion plan.
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