Credit Suisse: India Adds To Global Balance Sheet

While The Switzerland-based Bank Is Facing Several Odds In Its Global Operations, The Indian Business Has Managed To Scale Up Considerably.

- B.S. Srinivasalu Reddy

INDIA REPRESENTS the second-largest market for Switzerland-based Credit Suisse AG, with offices in six cities - Mumbai, Pune, Gurugram, Bengaluru, Hyderabad, and Kolkata. In fact, the bank's India operations saw a massive 93% growth in the balance sheet at ₹19,189.48 crores and a 77.72% jump in investments at ₹13,390 crores in FY21. While deposits grew about 86% to ₹5,254.56 crores, advances remained almost flat at ₹