HSBC India, one of the leading foreign banks having operations in India, would accord high priority to organic growth, group general manager and country head HSBC group of companies Naina Lal Kidwai said.
Kidwai said at a news conference here today that 'organic growth is a high priority, but at the same time we will not ignore inorganic growth'.
She said that HSBC India was figuring high in the HSBC group globally and that the country was among the top two destinations for the parent outfit in general.
For the last financial year, HSBC India posted a robust 50 per cent growth in total income and 41 per cent rise in net profits.
To a query, she said that it would not be difficult to maintain the same growth rate during the current financial year.
Kidwai said that the bank would continue to make portfolio investments in other banks. HSBC India has five per cent stake each in Axis Bank and Yes Bank.
She said that bank was giving big thrust on the SME space and other retail portfolios.
