HSBC Oman sold its total gross assets of India’s branches worth $54.5 million to Doha Bank on 31 March 2015.

The financial impact of the deal will be included in HSBC Oman’s financial results for the period ended 31 March 2015, which will be published on or before 30 April 2015 after getting the board’s approval.

HSBC Oman’s unaudited preliminary results showed a profit growth by 11.9% to OMR 12.2 million ($31.7 million) in the fiscal year ended 31 December 2014, compared to OMR 10.9 million ($28.33 million) during the same period of 2013.