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TwitterAs of 2024, India was the main employment center for HSBC, with approximately 44 thousand people working for the British bank in the country. The United Kingdom had the second-highest number of people employed by HSBC with 35 thousand people employed in the country. In total, HSBC employed approximately 211 thousand people globally.
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India HSBC: OE: Payment and Provision for Employees data was reported at 8,751.990 INR mn in 2018. This records a decrease from the previous number of 11,712.724 INR mn for 2017. India HSBC: OE: Payment and Provision for Employees data is updated yearly, averaging 2,342.100 INR mn from Mar 1990 (Median) to 2018, with 29 observations. The data reached an all-time high of 14,436.195 INR mn in 2015 and a record low of 192.600 INR mn in 1990. India HSBC: OE: Payment and Provision for Employees data remains active status in CEIC and is reported by Reserve Bank of India. The data is categorized under Global Database’s India – Table IN.KBQ023: Foreign Banks: Income Statements: Hongkong and Shanghai Banking Corporation.
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TwitterIn financial year 2019, the banking giant HSBC Bank had deposits over one trillion Indian rupees across India. This was around 922 billion rupees worth of deposits in the previous financial year.
HSBC bank is known as The Hongkong and Shanghai Banking Corporation and is one of the largest foreign sector banks in India. The bank can date its origins in India back to 1853 when it was established under the erstwhile British colony.
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TwitterHSBC posted a profit after tax of 25 billion U.S. dollars in 2024, up from 24.06 billion U.S. dollars in 2023. 2023 and 2024 were well-performing years for the bank in terms of profits, with 2024 recording the highest profits ever during the period. The operating income of the bank also increased by more than 15 billion U.S. dollars in 2024 when compared to 2022.HSBC bank HSBC is a British banking and financial services company and one of the major players in the global banking market. As of December 2024, the bank had one of the highest market capitalization in the world, ranking 10th with a value of 176 billion U.S. dollars. HSBC brand and people The fact that the bank is a recognized brand all over the world helps the bank attract investors, clients, and employees. The total number of employees at the bank is in the hundreds of thousands, with the main employment centers being India, the United Kingdom, Mainland China, and Hong Kong.
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The automotive finance market is experiencing robust growth, driven by a confluence of factors. The increasing affordability of vehicles through financing options, coupled with a global rise in vehicle ownership, particularly in developing economies, fuels market expansion. The shift towards online lending platforms and digitalization of financial services streamlines processes, enhances accessibility, and reduces operational costs, further accelerating market growth. Furthermore, innovative financing products like balloon payments and lease financing cater to diverse consumer needs and preferences, stimulating market demand. The market is segmented by vehicle type (passenger cars and commercial vehicles), source type (OEMs, banks, credit unions, and financial institutions), and vehicle type (new and used). The high CAGR of over 6% reflects the sustained market momentum. While macroeconomic factors such as interest rate fluctuations and economic downturns can pose challenges, the long-term outlook remains positive due to the consistent demand for vehicles globally. The North American and European markets currently hold significant shares, largely driven by established automotive industries and robust consumer credit markets. However, the Asia-Pacific region, particularly China and India, demonstrates the fastest growth rates, propelled by rapid economic development and rising middle-class disposable incomes. Competition within the market is intense, with established players like Bank of America, Ally Financial, and HSBC competing with regional banks and specialized automotive finance companies. OEM-backed financing options are also gaining traction, offering competitive rates and bundled services to attract buyers. Future growth will likely be shaped by advancements in fintech, the adoption of alternative credit scoring models, and evolving regulatory landscapes impacting lending practices. The increasing focus on sustainability and electric vehicles presents both challenges and opportunities for the automotive finance industry as financing structures adapt to meet the needs of the EV market. Recent developments include: March 2022: Santander Consumer USA Inc. (a subsidiary of Santander Holdings USA Inc.) partnered with AutoFi Inc. to develop a digital car-buying solution for the former company. This solution will include mobile, desktop, and in-dealership tools that will help find cars within the consumer budget, streamline the financing process, and allow customers to procure vehicles as per their requirements., March 2022: CIG Motors partnered with Polaris Bank Limited to provide automotive financing solutions across Nigeria., January 2021: Volkswagen Finance Pvt. Ltd (VWFPL) India increased its shareholding in Chennai-based KUWY Technology Service Pvt Ltd (KWY) by picking up a majority stake in the latter to offer value-added services to its customers through digital platforms. This acquisition's focus is mainly on reducing the loan processing time, making it a lucrative situation for dealers and customers.. Notable trends are: Banks Across the World to Gain Significant Prominence During Forecast Period.
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TwitterBarclays Group, one of the largest banks in the United Kingdom, employed 43,184 people across the country in 2024. The UK division accounted for more than 50 percent of all employees of the banking group. India and the United States accounted for the next highest employment figures globally. Leading UK banks by customers For Lloyds Banking Group, Barclays, the Royal Bank of Scotland, and Nationwide, there was an increase in overall customer numbers between 2007 and 2024. As of 2024, Barclays had the highest number of customers, followed by HSBC and Lloyds Banking Group. Barclays, a global bank Barclays Plc operated in a total of 38 countries globally, the eleventh highest of Europe's leading banks in 2023. In terms of total assets, Barclays was the fifth-largest bank in Europe in 2023. As with most other leading banks in the UK and across Europe, the total value of assets owned by Barclays has decreased over several years.
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TwitterAs of 2024, India was the main employment center for HSBC, with approximately 44 thousand people working for the British bank in the country. The United Kingdom had the second-highest number of people employed by HSBC with 35 thousand people employed in the country. In total, HSBC employed approximately 211 thousand people globally.