HSBC’s CEO, Georges Elhedery, expresses strong confidence in the US dollar’s continued dominance as the global reserve currency. He highlights India’s unique growth potential, emphasizing HSBC’s commitment to expanding its presence, particularly in premier banking, to serve the affluent middle class. The bank is open to acquisitions that enhance capabilities and drive organic growth in strategic areas.
JM Financial Q1 profit jumps 166% to Rs 454 crore
JM Financial on Monday reported a 166 per cent rise in consolidated net profit to Rs 454 crore for the June quarter of FY26.