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More accommodative stance for NBFCs, banks needed in RBI monetary policy:
Updated : 1 year, 1 month ago IST
The upcoming monetary policy announcement by the Reserve Bank of India (RBI) is expected to provide clarity on crucial aspects that will shape the financial services sector, according to a report by HSBC.
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India's services growth slows to 26-month low in January, but job creation
Updated : 1 year, 1 month ago IST
Despite the slowdown, the HSBC Services PMI data suggests that India's services sector remains resilient, with solid job creation, strong export growth, and steady business confidence. However, inflationary pressures and rising competition could act as headwinds in the coming months.
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Crisil Coalition Greenwich Announces 2025 Best Bank and Share Leader Award
Updated : 1 year, 1 month ago IST
New York [US], February 4: Crisil Coalition Greenwich today announced the 2025 Best Bank and Share Leader award winners. Over 60 banks were recognized globally, regionally and by country in the corporate banking segment. J.P. Morgan took top honors as the 2025 Best Bank globally for Corporat
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India's manufacturing PMI at 6-month high on robust demand
Updated : 1 year, 1 month ago IST
"India's final manufacturing PMI marked a six-month high in January. Domestic and export demand were both strong, supporting new orders growth. The employment PMI suggested robust job creation in the manufacturing industry, as the index increased to its highest level since the series was cre
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Two-wheeler industry set for moderate growth in FY26, electrification rema
Updated : 1 year, 1 month ago IST
Electrification in the 2W segment has been progressing slowly, despite substantial government incentives. HSBC noted that urban demand for economy motorcycles has been impacted the most due to the rising popularity of electric scooters.
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Canara HSBC Life Insurance Enhances Sales Efficiency with 'Compass' - A Sm
Updated : 1 year, 1 month ago IST
New Delhi [India], January 29: Canara HSBC Life Insurance has strengthened its sales operations with the launch of Compass, a Sales Beat Management Tool designed to streamline processes, improve accountability, and enhance overall productivity. Compass is aimed at helping the company's sales
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2025 begins with India's private sector growth slowing and services losing
Updated : 1 year, 1 month ago IST
The latest HSBC PMI data, compiled by S&P Global, showed that a stronger expansion in the manufacturing industry in India was more than offset by a loss of growth momentum in the service economy.
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HSBC downgrades Indian stock market to 'neutral' from 'overweight' for 202
Updated : 1 year, 2 months ago IST
In a report, the global financial services firm said profits at India Inc appeared to have softened while valuations are elevated.
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India's HSBC service index registers strongest expansion in 4 months, inde
Updated : 1 year, 2 months ago IST
India's services sector ended 2024 on a strong note, with the HSBC India Services Business Activity Index rising from 58.4 in November to 59.3 in December, according to the HSBC PMI survey.
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Household durables sector to see moderation in revenue in Q3: HSBC report
Updated : 1 year, 2 months ago IST
Businesses in India's household durables segment are expected to see some moderation in revenue growth in the just-concluded October-December quarter, asserted HSBC Global Research in a thematic report ahead of the impending earning updates.
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Indian banks to see range-bound 12.5% credit growth in 2024-25: HSBC
Updated : 1 year, 2 months ago IST
Credit growth of Indian banks are expected to witness a range-bound 12.5 per cent growth in the current financial year 2025, HSBC Global Research said in a report, attaching a rider that slowdown in GDP growth remains a downside risk.
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India's manufacturing sector showed robust job creation, December PMI at 5
Updated : 1 year, 2 months ago IST
The figure, down slightly from November's 56.5 and below the 'flash' estimate of 57.4, still signaled robust growth as it remained above the long-term average of 54.1. However, the data highlighted signs of moderation in key areas, including production, new orders, and inventories.
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