The profit growth came despite an increase in provision for credit losses in the year dominated by the pandemic, the bank said in a statement, pointing out that money set aside for losses for wholesale advances almost doubled to USD 94 million, while the same for retail more than doubled to USD 54 million.source https://economictimes.indiatimes.com/industry/banking/finance/banking/hsbcs-india-pbt-in-2020-inches-up-to-1-024-billion/articleshow/81173629.cms
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