India, Dec. 13 -- HSBC India has opened a new branch in Amritsar, marking a significant milestone in its nationwide expansion strategy. This latest addition becomes the bank's 28th branch in India, following the Reserve Bank of India's approval earlier this year for HSBC to open 20 new branches in key cities. Amritsar, a city rich in history and culture, is rapidly emerging as a centre for wealth creation, thanks to its strategic location and evolving economic landscape. It is home to a growing base of affluent, high net worth (HNW), ultra high net worth (UHNW), and non-resident clients in one of India's fast-expanding wealth hubs. With wealth creation increasingly shifting beyond major metros, HSBC's new branch is well positioned to serve the financial and wealth-management needs of this segment. The expansion underscores HSBC's focus on India's growing wealth opportunity. The bank remains the country's leading international financial institution offering a comprehensive suite of solutions across international wealth and premier banking, as well as corporate and institutional banking. Sandeep Batra, head of international wealth and premier banking, HSBC India, said, "With entrepreneurial spirit and innovation propelling economic growth and personal wealth, affluent customers are increasingly embracing a global outlook. They are looking for a trusted partner. Our Amritsar branch reflects our commitment to being closer to our customers and providing world-class banking solutions tailored to their specific needs." htc...