HSBC outpaces market on back of SME loans

HSBC outpaces market on back of SME loans

HSBC outpaces market on back of SME loansAug 19, 2021, 10:55 AM IST

Hong Kong and Shanghai Banking Corp’s (HSBC) India corporate loan book has grown at a compounded rate of 16% in the last five years led by a tripling in loans to small and medium enterprises (SMEs).

Equity raising critical for PNB Housing amid rising delinquencies: India RatingsAug 19, 2021, 10:33 AM IST

“The rise in NPAs is also because of a consistent decline in the loan portfolio especially the wholesale book since FY19,” the rating agency noted. “Stage 3 asset proportion is higher for the wholesale book (15.9%) than for the retail book (3.8%) in 1QFY22.”

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