HSBC (Hongkong and Shanghai Banking Corporation), part of a London-based financial services organisation, has signed a Letter of Intent (LoI) with Prestige Group for the development of ‘Prestige JRC Signature Towers’, a new fully integrated campus spanning over 1.2 million sq. ft. on Outer Ring Road in Bengaluru.

Once completed, it will be one of the largest campuses in the country, reflecting the bank’s long-term commitment to India, HSBC said in a communiqué.

The new campus is intended to bring together employees currently based across multiple locations in Bengaluru, facilitating greater collaboration and connectivity among teams.

Georges Elhedery, group CEO, HSBC, said: “India is one of the most important talent centres in the world and continues to be a key market for HSBC.”

 Bringing colleagues together on one campus would help the bank move faster, collaborate more closely, and continue developing expertise and talent to provide the best support for our customers, he added.

The new HSBC campus has been designed around modern ways of working and will combine high-quality workplace infrastructure with vibrant collaboration spaces.

Suzy White, Group Chief Operating Officer, HSBC, said: “The campus is being designed to support the future of work at HSBC, bringing together modern workplace design, accessibility, sustainability and colleague well-being. Our ambition is to create a high-quality environment that supports HSBC’s customers and businesses.”

India is home to HSBC’s largest Global Service and Technology Centres, with more than 40,000 employees supporting the bank’s global businesses, customers and operations. These centres have evolved into critical capability hubs, playing a key role in technology, operations, risk management, financial crime compliance, data and analytics, digital transformation, and enterprise-wide innovation across HSBC worldwide, the bank said.