Business
HSBC India launches new product for small businesses
Mumbai | July 08, 2008 7:05:07 PM IST
Hong Kong and Shanghai Banking Corp's (HSBC) India unit Tuesday launched a new product, HSBC Direct, here for small businesses. "This product, targeted at small businesses and micro-SMEs, will take care of their daily banking requirements with round the clock service available on the internet, telephone and self service machine," said HSBC India CEO Naina Lal Kidwai. In Asia, India is the first country to introduce this software-based product, she said HSBC group general manager Margaret Leung said: "We have implemented this system abroad and it has become very successful. In the UK we have more than 94,000 customers." Customers opting for this product can benefit from zero quarterly balances. Besides, there would be no charges for demand drafts through internet banking and no charges for cash withdrawals up to Rs.20,000 from 23,000 Visa ATMS across India. HSBC India managing director and head of commercial banking Puneet Chaddha said: "There is a new generation of business customers who are tech savvy. HSBC Direct will address the need of small businesses which are the major drivers of Indian economy."vb/sj/vt (202 Words)08071843NNNN (IANS)
Four Indians including Dhoni, Ishant nominated for ICC awards Two killed as Flight Training Club aircraft crashes Two arrested for possessing fake passport AIE cancels Clt-Mum-Clt flight Curfew like situation in Anantnag, 50 injured in other clashes Badal greets people on Baba Sri Chand\'s birthday SC issues notices to Punjab govt on Tytler\'s plea for case transfer PKF records Rs 178 cr turnover,declares 10 percent dividend
| 
