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HSBC CREDIT PROVISIONS
Axis Bank slips despite 'Buys' as provisions cast a shadowAxis Bank shares fell 3% despite analysts maintaining a positive outlook, with 94% recommending 'Buy'. The bank's loan growth was strong, b...
IndusInd Bank shares jump 6%. Why Jefferies & other brokers raised their target pricesIndusInd Bank shares surged following Q4 results that indicated a potential turnaround, with profit jumping 331% sequentially and asset qua...
HSBC India profit rises 17% in first six months of 2025HSBC reported a 17% rise in H1 2025 profit before tax in India, driven by strong corporate and institutional banking growth. India is now H...
CleanMax gets USD 27-mn financing from HSBC for solar projects in UAECleanMax, a renewable energy company, is set to receive USD 27 million from HSBC to develop and fund 92 on-site solar projects in the UAE. ...
Larger banks, NBFCs to be better performers in 2025: HSBC SecuritiesAmong NBFCs (non-banking finance companies), the brokerage favours larger, well-diversified and better-rated ones that could deliver strong...
HSBC India profit up 15%; bank will continue to expand balance sheet, says CEO Hitendra DaveProfit before tax rose to $1.28 billion in the year ended December 2022 from $1.11 billion a year ago. CEO Hitendra Dave said the bank will...
HSBC pretax profit rises 79% on recovery from pandemic damageHSBC, which makes the bulk of its profits in Asia, said its credit losses for 2021 were likely to be below the medium-term range of 30-40 b...
HSBC India profit up despite higher provisionsProfit before tax from India increased to $1.02 billion in 2020 from $1 billion in 2019 even though the group net profit fell 30% to $6.01 ...
HSBC Q1 results: Profit halves on increased loan loss provisions due to coronavirus crisisEurope's biggest bank by assets said profit before tax came in at $3.21 billion for January-March, down from $6.21 billion a year ago and b...
Time correction has started in Indian markets: Credit SuisseFor broader markets to do well, confidence in FY18 earnings and a broader economic revival may be necessary; (but) unlikely before end-CY16...
- HSBC to slash 30,000 jobs by 2013 to cut costs
HSBC is cutting jobs and closing offices to reduce costs by as much as $3.5 billion over the next two years as it tackles wage inflation in...
- HSBC investors buy 97% in rights sale
HSBC Holdings, Europe's biggest bank, said investors ordered 97% of the shares in its 12.5 billion-pound ($18.5 billion) rights offer.
- Axis Bank's earnings drivers remain strong
Axis Bank’s Q1 FY09 net profit was Rs 330 crore (+89% y-o-y ), significantly above the estimates of Rs 225 crore.
- Hang Seng, HSBC dip to new lows
HSBC Holdings, Europe’s biggest bank by market value, dropped the most in six years in Hong Kong trading on concern it may have to increase...
- HSBC may hike Q3 write-downs by 83%
HSBC Holdings, Europe’s biggest bank by market value, may say third-quarter.
- Bad lending to cost HSBC hard
This surely has to be an alarm bell ringing - a profit warning sounded off by HSBC.
- HSBC half yearly pre-tax profits at $12.5 bn
Rapid economic growth in India and China and other emerging markets has helped HSBC, a leading high street bank, to earn a pre-tax profit o...