HSBC's India headcount up by 1,000; US staff size down

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At the centre of a probe into black money allegedly stashed by Indians in Swiss banks, global banking giant HSBC increased its headcount in India by 1,000 last year to 32,000 -- the second highest after the UK.

As per the bank’s latest annual report, it had a total worldwide workforce of 2,66,000 full-time and part-time employees at the end of 2014. This marked an increase from 2,63,000 at the end of 2013, but still below 2,70,000 at the end of 2012.

India has been ranked second among its “main centres of employment” after the UK, where it employed 48,000 persons. The Indian headcount has risen from 31,000 at the end of 2013, while that in the UK has also grown from 46,000.

On the other hand, the US headcount has fallen from 16,000 to 15,000, the bank said in its annual report. The bank has listed India as one of the seven ‘priority growth markets’ within Asia.

Daily Pioneer
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