Hongkong & Shanghai Banking Corporation [HSBC]

[Resolved] HSBC Bank — Fraud of Rs. 10 Lacs (Documentary proof available)

Amit Balani

from Mumbai, Maharashtra

Address:

Maharashtra

In 2008, I invested Rs. 10 lacs with HSBC bank (Sadar branch, Nagpur). They invested most of the amount in a Tata A.I.G. Insurance scheme.

Then HSBC forgot to pay the monthly installment of the insurance scheme.

Suddenly, one day I got a letter from HSBC stating that the invested amount was forfeited since I failed to pay the installment. Until this point I was not even aware that my money was invested in Tata A.I.G., as it was the responsibility of HSBC to manage the invested amount.

On 15th feb 2011, I filed a complaint with the reserve bank of India and they directed HSBC to look into the matter. Now I keep receiving letters from HSBC that they are processing my query, but till date I haven't received a concrete reply. In the end, my hard- earned invested amount is lost due to the carelessness of the over-fed employees of HSBC corporation.

I am really surprised that HSBC feels that it doesnt even have to listen to the
Reserve Bank of India.

The complaint number given to me is:
6363/02.15.02/2010-11

Sir, I request you to kindly look into this matter. I can support all my statements with documentary proof.

Thanking you.
Ramesh Balani.
Pratap nagar, Nagpur

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Aug 13, 2020

Complaint marked as Resolved

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Comments

Michael Mason-Mahon

Please allow me to introduce myself my name is Michael Mason-Mahon and I am a shareholder of HSBC Plc. I am based in London yet I am a very regular visitor to India.

At HSBC Annual General Meeting of Shareholders 2010 I did address my concerns with the Board of Directors concerning what HSBC India has been doing and is doing in India to our customers.

I will be attending the AGM on the 27 of May 2011 where again I will be raising my concern about HSBC India and its behaviour towards their customers.

I may be able to help you. I can assure you that I will do all that I can to help you. I have been very successful in the people that I have taken up their cases with HSBC.
Please go to this site. This is an interview that I did concerning HSBC.

http://www.youtube.com/watch?v=cB3vbb9Tx7E

If customers UNITE in India and decide to leave HSBC India in support of their fellow Indian's, who are making complaints about HSBC India then this may make HSBC Plc take action.
They talk about their Global Footprint and their Integrity. Please look at the following sites and see what the Indian people are saying about HSBC behaviour towards them.

https://www.consumercomplaints.in/?search=hsbc%20credit%20card&;page=2

http://articles.timesofindia.indiatimes.com/[protected]/hyderabad/28107457_1_credit-cards-hdfc-bank-hsbc-bank

https://www.consumercomplaints.in/?search=hsbc+bank

http://www.hsbc.com/1/PA_1_1_S5/content/assets/news/hsbc_11142002.pdf

Offers exciting opportunities to extend Household’s business model into countries and
territories currently served by HSBC.
Now ask yourself is this the Bank for you in India.

HELP STOP ABUSE OF CUSTOMER’S

in

India

So if you would like to contact me and send me your phone number I will call you personally.

Kind regards
Michael

Mobile: 0044 [protected]
E-mail: [protected]@aol.com

Asin Nair

from Hyderabad, Telangana

Hi Amit,

I was just curious has your issue been resolved? If so, what steps did you take? If not where does it stand today? I am in a similar situation and your response will be of great help. Thank you.

AN

My contact id: [protected]@yahoo.in