BankтАЩs Global Business reached тВ╣11.33 lakh Cr Net profit up by 62% YoY, Operating Profit up by 19% YoY
Key Highlights (Quarter ended SepтАЩ23 over SepтАЩ22)
тЧП Net Profit up by 62% YoY at тВ╣1988 Cr in SepтАЩ23 from тВ╣1225 Cr in SepтАЩ22 тЧП Profit Before Tax up by 75% YoY at тВ╣2752 Cr in SepтАЩ23 from тВ╣1571 Cr in SepтАЩ22 тЧП Operating Profit for SepтАЩ23 up by 19% YoY at тВ╣4303 Cr from тВ╣3629 Cr in SepтАЩ22 тЧП Net Interest Income increased by 23% YoY to тВ╣5741 Cr in SepтАЩ23 from тВ╣4684 Cr in SepтАЩ22 тЧП Fee based income grew by 11% YoY to тВ╣805 Cr in SepтАЩ23 from тВ╣723 Cr in SepтАЩ22 тЧП NIM (Domestic) increased to 3.52% in SepтАЩ23 from 3.20% in SepтАЩ22 тЧП Return on Assets (RoA) improved to 1.06% in SepтАЩ23 from 0.71% in SepтАЩ22 тЧП Return on Equity (RoE) improved by 607 bps to 19.90% in SepтАЩ23 from 13.83% in SepтАЩ22 тЧП Cost-to-Income Ratio stood at 44.36% in SepтАЩ23 as against 44.27% in SepтАЩ22 тЧП Total Business recorded a YoY growth of 10% reaching the level of тВ╣1133091 Cr in SepтАЩ23 from тВ╣1026801 Cr in SepтАЩ22 тЧП Advances increased by 12% YoY to тВ╣492288 Cr in SepтАЩ23 from тВ╣437941 Cr in SepтАЩ22 тЧП RAM (Retail, Agriculture & MSME) advances grew by 12% to тВ╣285891 Cr in SepтАЩ23 from тВ╣255256 Cr in SepтАЩ22 тЧП Retail, Agri, MSME advances grew by 14%, 16% and 5% YoY respectively. RAM contribution to domestic advances is 62%. тЧП Home Loan (Including mortgage) grew by 13%, Auto Loan by 36% and Personal Loan by 49% YoY. тЧП Deposits increased by 9% YoY and reached to тВ╣640803 Cr in SepтАЩ23 тЧП CASA grew by 7%, driven by 8% YoY growth in SB, CASA ratio stood at 40% тЧП GNPA decreased by 233 bps YoY to 4.97% in SepтАЩ23 from 7.30%, NNPA reduced by 90 bps to 0.60% from 1.50% in SepтАЩ22 тЧП Provision Coverage Ratio (PCR, including TWO) improved by 456 bps YoY to 95.64% from 91.08% in SepтАЩ22 тЧП Capital Adequacy Ratio stood at 15.53%, CET-I at 12.07% & Tier-I Capital at 12.63% тЧП Net Profit up by 16% QoQ to тВ╣1988 Cr in SepтАЩ23 from тВ╣1709 Cr in JunтАЩ23 тЧП Profit Before Tax up by 15% QoQ at тВ╣2752 Cr in SepтАЩ23 from тВ╣2394 Cr in JunтАЩ23 тЧП Operating Profit up by 4% QoQ at тВ╣4303 Cr in SepтАЩ23 from тВ╣4135 Cr in JunтАЩ23 тЧП Net Interest Income stood at тВ╣5741 Cr in SepтАЩ23 as against тВ╣5703 Cr in JunтАЩ23 тЧП Return on Assets (RoA) improved by 11 bps QoQ to 1.06% in SepтАЩ23
Key Highlights (Quarter ended SepтАЩ23 over JunтАЩ23)
тЧП Return on Equity (RoE) improved by 202 bps QoQ to 19.90% in SepтАЩ23 тЧП Priority Sector portfolio stood at тВ╣164341 Cr in SepтАЩ23. Priority sector advances as a percentage of ANBC stood at 42.83% as against the regulatory requirement of 40% тЧП Net Profit up by 52% YoY to тВ╣3697 Cr in H1FY24 from тВ╣2439 Cr in H1FY23 тЧП Profit Before Tax up by 76% YoY to тВ╣5146 Cr in H1FY24 from тВ╣2917 Cr in H1FY23 тЧП Operating Profit increased by 17% YoY to тВ╣8437 Cr in H1FY24 from тВ╣7194 Cr тЧП Net Interest Income grew by 24% YoY to тВ╣11444 Cr in H1FY24 from тВ╣9218 Cr тЧП Net Interest Margin (NIM) Domestic increased by 42 bps YoY to 3.57% from 3.15% in H1FY23 тЧП Return on Assets (RoA) improved by 29 bps to 1.01% from 0.72% in H1FY23 тЧП Return on Equity (RoE) increased by 490 bps to 18.90% from 14.00% in H1FY23 тЧП Cost-to-Income Ratio stood at 44.29% as against 43.14% in H1FY23 Network: тЧП The Bank has 5819 domestic branches including 3 Digital Banking Units (DBUs), out of which 1974 are Rural, 1522 are Semi-Urban, 1174 are Urban & 1149 are in Metro category. The Bank has 3 overseas branches & 1 IFSC Banking Unit (IBU). тЧП The Bank has 4866 ATMs & BNAs and 10825 Business Correspondents (BCs). Digital Banking: тЧП Mobile Banking users increased by 47% YoY. тЧП UPI users and transactions increased by 34% YoY and 65% YoY respectively. тЧП Bank has so far launched 63 Digital Journeys under its Digital Transformation Program. тЧП 86% of transactions are now carried out through digital channels. Our Focus: Indian Bank is strategically expanding the business and major thrust will be on retail, agriculture, and MSME sectors, targeting 10-12% credit growth in FY24. Embracing digital banking as our core focus, we are dedicated to fostering financial growth and prosperity for individuals and businesses across diverse sectors of society. Through constant innovation, we strive to simplify processes, enabling quick and convenient banking. For overall organisational development, Bank is promoting gender diversity, skill onboarding & grooming the employees for leadership. Our team engages with clients to provide hassle- free banking experience through wide range of products and services.
Chennai, 26 Oct. 2023 First of its kind in South India, DAC Developers Pvt. Ltd., one of the Chennai’s most trusted housing development companies, has launched Home Experience Centres at Medavakkam and Tambaram, comprising fully furnished houses that showcase everything from floors to roofs in cross-section so that buyers can visually inspect and physically touch and feel the materials that go into making their dream homes. Honourable Shri V. Ramasubramanian, former judge of the Supreme Court of India, inaugurated the innovative centres: a 1050 sq-ft, experience centre, and an 800 sq.ft one, modelled on the real housing units of DAC DevelopersтАЩ two newly announced residential projects, DAC Medallion, Medavakkam and DAC Marshall, Tambaram respectively. Talking about the Home Experience Centres, Mr. S. Sathish Kumar, Managing Director, DAC Developers Pvt. Ltd., said, тАЬOur core principles revolve around the 3Es: ENGINEERING-focused innovation, Customer EDUCATION, and Customer EXPERIENCE. The newly unveiled Home Experience Centres embody these principles. We take pride in introducing it first time in South India. The introduction of our Home Experience Centers represents a new layer of transparency, reinforcing the trust our customers place in us.тАЭ On the benefits of Home Experience Centres for the buyers, he said, тАЬWhile buyers can always compare prices, select locations, and even visit model homes, up until now, they haven’t had the opportunity to understand the materials and elements used in the construction of their home components. They had to rely solely on the assurances given by developers. However, our Home Experience Centers provide them with first-hand knowledge about the quality and specifications of every component and item in their dream homes. They no longer need to purchase homes blindly. Now, they can visually examine and physically experience them before making a decision.тАЭ The Home Experience Centers proudly feature eleven bays where visitors can examine the cross-sections of various elements, including shear walls, columns, beams, doors, windows, floors, switch boxes, plumbing shafts, as well as exterior components like hand-rails and balcony floors. DAC Medallion is a residential complex in Medavakkam that comprises 125 apartments. Situated in the heart of Tambaram, DAC Marshall comprises a diverse range of 114 unit configurations.
. Noted Tamil Actor Vikram Prabhu of Kumki fame recommended many youngsters to have regular healthy lifestyle and fitness routines to arrest cardiac complications .Cancer patient wins the first prize for uniquely amplifying heart health through his interesting Instagram reel.
Chennai, October 21, 2023 – Prashanth Hospitals, a leading super-speciality hospital in Chennai, successfully culminated its impactful тАШSave Young HeartsтАЩ 2023 digital campaign, in continuation with the major hit campaign of 2022, designed to raise awareness about cardiac wellness and encourage healthy lifestyles among the youth to prevent cardiac complications and heart attacks. The grand finale event featured distinguished guests and renowned cardiologists from Prashanth Hospitals who delivered key insights on stress management, healthy eating, and lifestyle choices crucial for cardiac well-being. Grandson of the legendary actor Chevalier Sivaji Ganesan and well-known Tamil actor Vikram Prabhu of the national award winning Kumki and Tamil blockbuster Ponniyin Selvan fame, extended his heartfelt congratulations as the eventтАЩs chief guest to the award winners and participants of the short video contest, recognizing their outstanding creative contributions in promoting cardiac wellness and encouraging a heart-healthy lifestyle. Prashanth Hospitals’ team of expert cardiologists shared their perspectives on the pressing need to de-stress, adopt a balanced diet, and make positive lifestyle choices to safeguard against cardiac issues. Their insights shed light on the gravity of frequent cardiac arrests among young individuals in recent times. The event included a recognition ceremony for the winners of the short video/reels contest, who have demonstrated exceptional creativity in advocating for cardiac wellness and healthy living. Overall, there were a total of more than 100 entries that innovatively resonated the trending topic on Instagram which aided in creating a mega awareness amongst the targeted audience. The first prize was awarded to a cancer patient Mr. Sivamani Kannan with a handsome cash reward of Rs.1 lakh for brilliantly conveying the intended message by depicting the rising cardiac complications in a smart and impactful manner. The second prize Rs.50,000 was awarded to Mr. Jeevan for creating a compelling video on preventive measures for heart health. Dr. Prashanth Krishna, Managing Director of Prashanth Hospitals, Chennai, emphasized, “Our unwavering commitment is to protect the hearts of our youth and ensure a healthier future. Increased awareness and lifestyle changes are instrumental in preventing heart attacks. Engaging with young individuals and the broader social media community is the key. Through this competition, we aim to convey the message of preventing cardiac arrests and fostering a heart- healthy lifestyle. We are delighted by the overwhelming response to this campaign and the tremendous support from celebrity influencers.”
Addressing the audience on the significance of being aware and alert of cardiac wellness, Senior Cardiologist, Dr. Kathiresan commented “The healthy lifestyle changes should be imbibed right from the school. There should be a continuous campaign for the public by professional organisations and the government. Long term environmental changes are also needed. We must immediately seek medical help when we face even the slightest signs and symptoms of cardiac complications like a heart burn, radiating pain in hands and shoulders, and a sense of discomfort in the heart or breathing. “Prashanth HospitalsтАЩ тАШSave Young HeartsтАЩ digital campaign reached out to a wide audience across various social media platforms, empowering young individuals to take proactive steps in preventing cardiac complications. Given the growing concern of heart disease among the younger generation, the campaign’s mission was to educate, inspire change, and drive the importance of heart health through innovative social media initiatives. The Grand Finale of this campaign was organized at Crest Club, Phoenix Marketcity, Chennai. The “Save Young Hearts Reels Contest” served as a platform for open discussions, creative engagement, and debates focused on preventing the increasing incidents of heart attacks.
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