HSBC Results

Yields on Indian government bonds are expected to remain in a narrow range this year as an inclusion of domestic bonds in global indexes may not materialise in 2022, a rates strategist with HSBC said

Foreign lender HSBC on Monday reported a 22 per cent jump in its pre-tax profit from Indian operations at USD 644 million for the January-June period of 2022. HSBC India had a profit before tax of USD 529 million in the year-ago period, the bank said in a statement. The global banking and markets business, which helps the credit needs of Indian corporates having a worldwide footprint and also includes the debt and equity capital markets team, reported a profit of USD 324 million in January-June 2022 as against USD 317 million in the year-ago period. The commercial banking PBT came at USD 156 million in the period against USD 146 million and the wealth and personal banking swung to black with a USD 33 million PBT as against a loss of USD 11 million. The corporate centre, which includes balance sheet and treasury management, saw an increase in the PBT at USD 131 million from USD 77 million in the year-ago period. In a statement, the bank said it has aggressive growth plans and is ..

The country is the fourth biggest profit centre for the UK-headquartered lender, after Hong Kong, the UK and Mainland China, according to an official statement

Over a half of those surveyed said they were holding more than 5 per cent of their AUM in cash. Also, 51 per cent of the respondents do not plan to change the level of their cash holdings in the near

The global banking and markets segment contributed to $466 million in profits, against $387 million in 2018.

The Europe's largest lender, reporting results for the first quarter since the ouster of former chief John Flint, said adjusted pretax profit fell 12 per cent to $5.3 billion

The bank's pretax profit of $5.96 billion in the April-June quarter was higher than the $5.79 billion average of analysts' forecasts compiled by the bank

Pretax profit was $4.6 bn in the Sept quarter, up from $843 mn in the same period a year ago