Standard Chartered said on Tuesday that it is seeing good momentum in its business so far this year, including a pick-up in activity in India, as it reported flat profits for 2012.

The UK-based, emerging markets-focused bank posted a $4.79bn net profit, compared with $4.75bn in 2011. Pretax profit was $6.88bn, up 1% from $6.78bn in 2011.