HSBC launches global premier service

Mumbai, Oct 18 Hong Kong and Shanghai Banking Corporation Ltd. (HSBC) today announced the launch of its new global banking service ''HSBC Premier''.

The bank said this service would be availabe in 35 countries across the globe for its premier customers, having a running account of minimum Rs 25 lakh. According to official sources, currently, it has a customer base of 50 thousand under premier class.

The bank through this service will offer cross-border banking facility to the customers along with the options of taking their accounts, credit history and maitaining banking relationships, wherever they chose to live and work in the world.

Rajnish Bahl, head of personal financial services for HSBC India, however clarified that these were subject to local regulations, citing the example that US laws do not permit sharing of information across the country's borders, so though the HSBC Premier services would be available to customers, they would be within the ambit of local laws of the land.

Premier customers will have access to 250 international Premier centres across major cities in the world, along with HSBC's 6000 plus strong global branch network with the Premier service points.

Each individual location will have access to all the information needed to service customer requirements, and provide local advisory services, Bahl added.

UNI