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@pinki they might source. They will issue that Taj Card also 😂😂

sabse nearest branch is 210 km away ☠️

Let's hope they make patna cc service area 😀

HSBC used to have a branch in Visakhapatnam (next to Super Bazaar) in a most visible corner plot. That was closed in 2016. Now, they have huge non-branch setup in Visakhapatnam. I am told that they will open a non-branch setup in Vijayawada n a branch in Visakhapatnam.

Dil ki baat fir se boldi doc saab @Vasuki

@RAMESH BABU N Yes Sir, Vizag had that data processing office earlier. Is that shifting to Vijayawada now??

Chandrababu Naidu had met the top brass of HSBC n invited them to setup offices/branches in AP - to which they have agreed. Wait for 2-3 months for things to unfold....

Good things progressing in AP. Let's hope the same momentum for next 10 years. Waiting for other Financial institutions to follow.

branch khulne se kya hoga. it's not like ppl flock to open accounts in those foreign banks.

@quino Definitely. But these banks offer HNI banking services to HNI customers. For Ex. in Vizag lot of companies, Hotels, Resorts, Tourism hubs coming up. When one such banks come other banks follows. Same case with Dehradun.

HNI ke liye Vizag ka existing banks mai kuch kamai tho nhi hai. in fact one can get better service in UBI/BoB than these foreign companies. dont know what happened to Atmanirbhar Bharat supporting our PSUs.

That is reserved only for Tata mahindra. 😂 @quino

@quino When Andhra Bank was there it was very good, I am not sure of your experience. After merging Andhra Bank with Union Bank of India we are facing numerous problems which will take 2-3 pages if I talk in detail.

We are suffering a lot but cannot move out due to business constraints. So I don't agree on UBI part. Not sure of BOB though.

Coming to branch opening in Vizag and other parts, as you mentioned normal people won't flock to branch for account opening. But these HSBC guys approaches Corporates (Good companies coming up - For Ex. ArcelorMittal Nippon Steel, TCS, some other corporate giants are expected along with good tourism industry companies also queued up)

I do agree that there are issues with UBI. Like recently my secondary debit card didn't get dispatched. But instead of working to resolve them we are trying to invite foreign banks, which are supposedly far behind as discussed by our own HNIs here.

Ultimately what I don't get it is, how having HSBC bank in Vizag is a value-add to the state.

Though DBS is the best I have experienced so far, for HSBC I am a returning customer. Had 3 CCs (till 2005, for over a decade) and a SB in Visakhapatnam (1980s) branch earlier. Somehow, I still like HSBC and it's old Hexagon software and their ATM's options. Those were trendsetters back in 1980s. Most likely, I will open a SB with them now (in Hyderabad, next month).

Out of the 2-3 pages issues I told, let me tell you 2 things (1 is personal banking and other is business banking).

We have HNI banking relationship with good TRV with Andhra Bank later on converted to UBI.

- First one I have taken a UBI Select CC, which I opened. While applying I gave my latest number to UBI and they took my old mobile number (from Andhra Bank) which was updated later to new number in their systems. It took 3 months to resolve on multiple escalations. Used it for 6 months and closed the card, later on it was not removed from CIBIL (Raised a dispute on CIBIL and RBI Omb - they gave 1000 compensation)

- Manager doesn't even pick the calls and they don't even process our Cheque txns on the same day. Issue with issuance of Cheque books, We even approached Regional office and they don't even budge. But we couldn't move out due to business constraints as our customer are habitual to our account numbers.

Bro, I'm not trying to downplay your issues with UBI. Infact I can list 2-3 pages too. I'm trying to say 2 things:

1. I don't see what value-add can any 1 bank be to the state.
2. And a completely independent point, these foreign banks are far behind as discussed by our own HNIs here.

I've been lucky to have good branch banking experience with HDFC. (Not so much with back end team) Yes also have been very good till now. May be Its reward for dealing with sbi and axis for so long. 😁
I was thinking about transferring yes bank pf to dbs. But they aren't giving any incentive to switch.

@quino I accept even 100 branches will not bring change. What change we get with IDFC having multiple branches? See we are a state which had bad 10 years without any proper development, point here is when one foreign institution come up others might follow. Even a single positive news we have to celebrate with hope.

BTW I haven’t mentioned anything great about HSBC, there are guys with utmost satisfaction and utmost dissatisfaction on same bank. But my UBI case is different because I am talking before merging and after merging. None of them is accountable here. I am resting my discussion on this issue anyways.