HSBC, foreign lender Hongkong and Shanghai Banking Co on Tuesday launched a new current account 'HSBC Direct'. The new account will be targeting small and medium enterprises.
Bank sources said in this new account a host of services will be given to the account holders. The bank is optimistic of getting more customer base in this segment.
"We hope to grow faster in gaining SME customer base after this new product. Currently, we are increasing our customer base by 10-15 per cent per month," HSBC India head SME business, B Khanna said here today.
Khanna gave the gross revenue figures for 2007 and said from SME it was Rs 300 crore but he did not gave out the revenue of the total commercial banking during the year.
Official Website: www.hsbc.co.in
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