The profits of HSBC India have shown a broadly increasing trend. At 14.5 per cent (as on March 31, 2004), the capital adequacy ratio of HSBC was one of the highest in the Indian Banking Industry. The three largest foreign banks accounted for about 65 per cent of the total assets of all foreign banks in India as of March 2003. With a market share of 18 per cent (among foreign banks), HSBC is the third largest foreign bank in India.
