Andhra Pradesh - Hyderabad   

HSBC product for small businesses gets good response

HYDERABAD: The response to ‘HSBC Direct for business’ product launched recently for small businesses was better than expected, the bank’s head, SMEs (commercial banking) Bhuvnesh Khanna said here on Thursday.

He said the product was launched in India on a pilot basis and would be rolled out in other Asian countries soon.

It provides 24 X 7 service to small businesses having a turnover of up to Rs. 50 crore on internet, telephone and ATM.

He said that HSBC had around 50,000 accounts of small businesses last year and the customer base in this sector was growing by 8 to 10 per cent each month.

Printer friendly page  
Send this article to Friends by E-Mail

Stories in this Section

Sub-Treasury officer in ACB net
All-party meet on NREGS demanded
IDBI Fortis’ branch in Vijayawada
Speedy settlement of civil disputes
GAIL agrees to ensure gas to Gauthami
Reliance Big TV DTH launched
People’s tribunal on atrocities against minorities
International airport to be equipped with hi-tech facility
Surgeon’s email account hacked
CPI(M) for white cards to all eligible poor
HSBC product for small businesses gets good response
Suspected dengue cases put health officials on alert
Fashion Yatra
Prices soar ahead of Ramzan
Destitute girls start life afresh here
Chalo Assembly on August 28
D.N. Reddy takes charge as V-C of new JNTU
Remembering a legend
Debris on road leads to motorcyclist’s death
Three Indonesians held, US $ 1.17 lakh seized
Youth “burnt by lover” succumbs
Youth grilled about terror plots
Inflammable substance sets off fire in Gautami
Physically-challenged person is first member of Chiru’s party
Promoting art with a social purpose
A ‘healthy’ initiative from the district machinery
TDP promises quota for poor in corporate colleges
iPhone released
Lok Ayukta seeks separate budget
Mass marriages tomorrow
TDP promises quota for weaker sections in corporate colleges
State on collision course with APERC?
Verve and vivacity
Hyderabad Today

Copyright © 2008, The Hindu. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu