According to reports of The Age, these financial services will provide the customers with banking products of HSBC Australia along with enquiries on HSBC India.

“Australia has one of the fastest growing Indian communities in the world, numbering some 240,000, so this new service makes commercial sense,” Graham Heunis, head of personal financial services for HSBC in Australia, was quoted as saying in a statement.

“And non-resident Indians tend to maintain strong banking affiliations with India, so there’s a real demand from the Indian community in Australia for access to Indian financial services.”