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Synopsis
London-based banking major has serious plans to start a venture debt fund in the country. India could well be HSBC’s next destination after the UK, the US, Israel and Hong Kong to launch its Innovation Banking, a separate division for startups.
The 1GBP acquisition of the UK unit of collapsed Silicon Valley Bank in early 2023 opened new avenues for global banking major Hong Kong and Shanghai Banking Corp (HSBC). The move offered a quick start to its startup banking division, HSBC Innovation Banking. SVB’s clients – 3,000 European startups and venture capital funds – became its customers overnight. HSBC Innovation Banking then spread its wings to the US, Israel, and Hong Kong. Its next
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