HSBC's India PBT in 2020 inches up to $1.024 billion

The profit growth came despite an increase in provision for credit losses in the year dominated by the pandemic, the bank said in a statement, pointing out that money set aside for losses for wholesale advances almost doubled to USD 94 million, while the same for retail more than doubled to USD 54 million.

from Banking/Finance-Industry-Economic Times https://ift.tt/2ZGasCf