 "Economic Times (New Delhi, India)")
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HSBC India net in '05-06 leaps 53% to Rs 515 crore.
From:
Economic Times (New Delhi, India)
| Date:
July 3, 2006
| COPYRIGHT 2006 The Economic Times. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group.Copyright information
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Jul. 3--MUMBAI : Higher income coupled with lower expenses helped the Indian operations of HSBC report a 53 percent rise in net profit to Rs 515 crore for the year ended March 31, '06 as against Rs 337 crore in the previous fiscal. HSBC is the third-largest foreign bank in India.
The total income of the bank for the year ended March 31,'06 rose 37 percent to Rs 3,130 crore, up from Rs 2,288 crore in the previous fiscal, on the back of higher other income. The interest in...
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