HSBC’s profit before tax from India rises marginally to USD 1.11 billion
NEW DELHI: Foreign lender HSBC’s profit before tax (PBT) from India rose marginally to USD 1.11 billion in 2021. The bank’s PBT had stood at USD 1.024 billion in 2020. 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. […]
HSBC, Reliance Industries execute blockchain trade finance transaction
NEW DELHI: HSBC India and ING Bank Brussels have successfully executed a blockchain enabled, live trade finance transaction jointly with Reliance Industries and Tricon Energy. This is an industry first as the Blockchain platform integrated with Bolero’s electronic Bill of Lading (eBL) platform to issue and manage an electronic Bill of Lading. This allowed a […]