HSBC India has posted strong growth in full year net profit helped by an increase in advances and deposits.
For the year ended March 31, 2012, the bank’s net profit jumped 30 per cent to Rs 1,988 crore.
Capital adequacy ratio was 16.04 per cent as on March 2012 against 18.03 per cent as on March 2011.
“HSBC India, with an increase of 30 per cent in net profit, has again put in a consistent performance, signifying the underlying strength of our business,” Ms Naina Lal Kidwai, Director, HSBC Asia-Pacific and Country Head, India said.