Business

Srinagar Smart City takes the green route with Tata Motors Ultra EV electric buses

deccanwebtv Nov 2, 2023

The advanced electric buses are equipped with latest features to provide safe, comfortable and convenient travel

Chennai,2 November 2023: Tata Motors, India’s largest commercial vehicle manufacturer, announced that it has supplied the first batch of state-of-the art Ultra EV air-conditioned electric buses to Srinagar Smart City Limited, via TML Smart City Mobility Solutions (J&K) Pvt Ltd, a Tata Motors Group company. The delivery of the electric buses is a part of its larger order to supply, maintain and operate 100 electric buses in Srinagar and 100 electric buses in Jammu, for a period 12-years for Jammu and Srinagar Smart City projects. The collaboration is a part of an initiative of Housing and Urban Development Department, Government of Jammu & Kashmir to establish an environmentally and financially sustainable network of public transport for Srinagar. The zero-emission buses are indigenously built on a next-gen architecture, equipped with latest features, and powered by advanced battery systems. They are designed to provide a safe, comfortable and convenient intra-city commute across the city of Srinagar.

The fleet of e-buses was flagged off by Shri Manoj Sinha, Hon’ble Lieutenant General, J&K, Shri Arun Kumar Mehta, Chief Secretary, J&K, Shri Junaid Azim Mattu, Hon’ble Mayor, Srinagar, Shri Prashant Goyal, Principal Secretary, H&UDD, J&K, Shri Vijay Kumar Bidhuri, Divisional Commissioner, Kashmir & Chairman, Srinagar Smart City, Shri Prasanna Ramaswamy, Administrative Secretary, Transport Department, J&K, Shri Athar Aamir Khan, IAS, Commissioner, Srinagar Municipal Corporation & CEO, Srinagar Smart City along with delegates from Government of J&K, Municipal Corporation of Srinagar and Tata Motors.

Shri Manoj Sinha, Hon’ble Lieutenant Governor, J&K congratulated the citizens of Srinagar on the occasion. He said the electric buses will change the paradigm of public transport in the city. He added that it was part of broader integrated sustainable urban mobility for the city. He expressed gratitude to Hon. Prime Minister of India, Shri Narendra Modi for the unrelenting support to the Union Territory.

Sharing his thoughts at the flag-off event, Shri Prashant Goyal, Principal Secretary, Housing & Urban Development Department, J&K said, “J&K has embarked on a new phase of urban development which will ease the congestion on roads. Tata Motors has partnered with Srinagar Smart City Ltd for 12 years, which will help in improving the last-mile passenger transport system in Srinagar.”

Commenting on the occasion, Shri Athar Aamir Khan, CEO, Srinagar Smart City Ltd, said, “Srinagar Electric Bus Project is part of our integrated Sustainable Urban Mobility of the city. This is for the first time such a massive transformation in public transport is happening in Srinagar. This will help decongest the city, make reliable, affordable and comfortable public transport available to our citizens.”

Speaking at the momentous occasion, Mr. Asim Kumar Mukhopadhyay, Chairman, TML Smart City Mobility Solutions (J&K) Pvt Ltd, said, “In a time where sustainable public transport is the need of the hour, we are thrilled that Tata Motors has been chosen to provide a transformative solution to the commuters in the beautiful city of Srinagar. Our advanced electric buses incorporate cutting-edge features that not only redefine the way people travel but also ensure their safety and comfort through their journeys. We are not just providing electric buses; we are championing a shared vision with the Government of Jammu & Kashmir to offer eco-friendly, noiseless and emission-free transport solutions that align with the serene and pristine environment of this region. This marks a significant milestone in our ongoing commitment to safer, smarter and greener mobility solutions, and we look forward to playing a key role in shaping the future of public transport in Jammu & Kashmir.”

Till date, Tata Motors has supplied more than 1,000 electric buses across multiple cities in India, which have cumulatively clocked more than 9.6 crore kilometres, with an uptime of over 95%. The Tata Ultra EV, is a cutting-edge e-bus that sets new benchmarks for urban city commuting. With its full-electric drivetrain, this state-of-the-art vehicle optimises energy consumption, resulting in low energy usage and operational costs. It offers features like ease of boarding, comfortable seating and driver-friendly operations, while ensuring zero emissions. Equipped with electronic stability control, electronic brake distribution, air suspension, Intelligent Transport System (ITS), panic button among other advanced features, it prioritises comfort and safety to its commuters. This electric bus embodies the commitment to cleaner public transport and is an ideal choice for urban passenger transportation needs.

Amazon brings its much-celebrated Amazon Xperience Arena to Chennai; offers business customers extra savings on bulk purchases during Amazon Great Indian Festival 2023

deccanwebtv Nov 1, 2023

• Chennai gets a glimpse of ‘Amazon Xperience Arena’ event, providing retail and business customers a unique view of the exciting deals and offers during the Amazon Great India Festival 2023
• Business customers in Chennai show a strong inclination towards automotive, furniture, laptop and IT peripheral purchases during festive season

Chennai, October 31, 2023: India’s most awaited shopping event – Amazon Great Indian Festival 2023, that went live on October 8^th, 2023, brings the joy of shopping to its customers in Chennai through Amazon Xperience Arena, a virtual destination designed to bring favourite Amazon categories to life. Hosted at SRM Easwari Engineering College, Chennai, Amazon Xperience Arena, provided a glimpse into the world of Amazon and enabled media, influencers and customers an exciting opportunity to explore their favourite brands and gain access to exciting deals and offers at the ongoing Amazon Great Indian Festival.

Amazon Xperience Arena curated with seven engaging and interactive zones, enabled customers to participate in exciting competitions and win fantastic Amazon prizes. It also provided the chance to enjoy never-seen-before deals on the widest selection of products across categories including Smartphones, Laptops, Large appliances, TVs, Consumer Electronics and Kitchen appliances at great value and convenience of fast and reliable delivery.

On Amazon Business, customers can enjoy these deals and additionally get up to 5% extra discounts on bulk orders; avail instant credit of up to Rs.60000 based on their eligibility and save up to 28% with GST input credit. Most popular products among business customers included IT peripherals (growing at ~1.5X vs last year), office furniture and fixtures (growing at ~1.4X vs last year), gifting products like Small Appliances and Gift Baskets (growing at ~1.6X YoY), Maintenance and Repair products (growing at ~1.5X vs last year) and Security & Surveillance products (growing at ~2.5X vs last year).

Commenting on the occasion, Suchit Subhas, Director, Amazon India said, “We are excited to provide our customers with a unique view into the exciting deals and offers to be availed during the Amazon Great India Festival 2023 at ‘Amazon Xperience Arena’ in Chennai. Business customers in Chennai have continued to shop from Amazon Business, over past years. We have ~1.3X YoY increase in customer registrations and ~1.4X YoY increase in sales from Chennai. This festive season, we are delighted to offer great deals, exciting offers to business customers and help them shop more and save more during our ongoing Amazon Great Indian Festival 2023”

This year, Amazon Business completed six years of empowering business customers in India, helping them with seamless and efficient e-procurement. With more than 19cr GST across 14 lakhs+ sellers, Amazon Business, today, caters to more than 99.5% pin codes across the country and has created a one-stop destination for all business buying needs. To commemorate the six years, it announced its integration with Amazon Pay Later to provide a virtual credit to eligible business customers. All eligible business customers have seamless access to 30-day interest free credit with the option to extend to 12 months at minimal interest rates, and no hidden costs

This initiative is aimed to help MSMEs and other corporate buyers to extend their budgets for bulk and regular purchases of products ranging from daily essentials, electronics, to corporate gifts with an easy and hassle-free payment experience. With in-built security features, Amazon Pay Later will give customers an option to set up auto-repayment to settle monthly bill or EMIs through the bank of their choice.

Amazon Great Indian Festival 2023 celebrates 14 lakh+ sellers, offering crores of products to customers on Amazon.in, including unique products from Indian Small and Medium Businesses and local stores. The ‘Amazon Xperience Arena’ moves to Kolkata on 7^th November. The ‘Amazon Xperience Arena’ curated in the form of life-size boxes is set to become the city’s attraction for a day!

For more information, please contact:

Shoppers Stop inaugurates its 3rd store in Chennai.

deccanwebtv Oct 30, 2023

Chennai, 30^th October 2023:   Shoppers Stop, India’s leading omnichannel destination for fashion, beauty, and gifting, launched its third store in Chennai at Nexus Mall. With the new store, Shoppers Stop is bringing a world of style, elegance, and unparalleled shopping experiences to fashion-forward residents of the city.

Commenting on the launch Mr. Kavindra Mishra, Customer Care Associate, ED & CEO, Shoppers Stop Limited said, “At Shoppers Stop, we take pride in our remarkable achievements and substantial progress in building a comprehensive ecosystem dedicated to enriching the customer’s shopping journey. Shoppers Stop recognizes the pivotal role of the South in our expansion strategy. It is with great excitement that we unveil our new store in Chennai, a city pulsating with vibrant energy and rich culture. This marks the beginning of an exciting chapter in our growth story, Shoppers Stop is dedicated to expanding its footprint across the region. We are delighted to be here and remain committed to delivering to our customers the unparalleled Shoppers Stop experience.”

At the Nexus Mall store, customers can indulge in the full Shoppers Stop experience. The presence of Personal Shoppers ensures a heightened and personalized customer experience. In conjunction with this service, Shoppers Stop proudly introduces the luxurious Personal Shoppers Lounge, meticulously crafted to envelop the customers in unparalleled hospitality. Unveil a diverse selection of exclusive Private Brand collections, each tailored to resonate with your distinctive style preferences. First Citizen Club, Shoppers Stop’s premium membership program strives to nurture enduring customer loyalty, offering customers an entry into a world of exclusive benefits.

Shoppers Stop has constantly evolved to serve the rapidly growing retail industry in India. Shoppers Stop store retails over 500 of the finest international, national, and exclusive brands spread across multiple categories all under one roof.

The new Shoppers Stop store in Chennai will feature an extensive range of popular and prestigious brands that will be only available to the market through Shoppers Stop. Customers can explore an impressive lineup of key brands including Jack & Jones, American Eagle, Rare Rabbit, Levis, Armani Exchange, Michael Kors, Tommy Hilfiger, Chopard & Prada.

Visit the Shoppers Stop store at Nexus Mall in Chennai and embark on a journey of style and luxury like never before. Experience the essence of elegance and the thrill of fashion, at Shoppers Stop. Shoppers Stop also has two more stores, located at Palladium Mall and a stand alone store on Harrington Road Chetpet.

Phoenix Marketcity Hosts Orphan Children on a Life-Changing Journey along with Round Table India 100 and 20.

deccanwebtv Oct 30, 2023

‘Flight of Fantasy’ – First time flying clubbed with an inspirational mall experience
Chennai, October 29, 2023 – In a heartwarming collaboration, Phoenix Marketcity, one of Chennai’s
premium malls, joined hands with Madras Round Table India 100 to provide a remarkable and life-
changing experience for underprivileged orphan children from Seva Nilayam NGO, Coimbatore. This special
initiative, orchestrated by Round Table India 100 and 20, Ladies Circle 11, in association with Phoenix
Marketcity, marked a significant milestone for these children, as they embarked on their very first flights,
departing from Coimbatore to Chennai and returning to Coimbatore after a day filled with fun and
laughter.
The day long event not only offered the children an unforgettable first-time flight experience, but also an
array of elating cinema shows, entertainment programs, unique shopping activities and indulging in fine
dining experiences at the mall, ensuring the creation of cherished memories that will last a lifetime.
Mr. Sabari Nair, Centre Director of Phoenix Marketcity, expressed his delight, saying, “The aim was not
just to give them wings, but to imbue their lives with unforgettable memories. We are extremely delighted
and proud to be associated with offering a unique experience to these underprivileged kids and
empowering them by providing our one-of-a-kind mall offerings, making it truly an inspirational experience
for them.”
Tabler Nitin Vimal, Chairman of Madras Round Table 100, and Tabler Rahul Rajan , Chairman of
Coimbatore Round Table 20, remarked, “We sincerely thank Phoenix Marketcity’s support in this initiative
to making a difference in the lives of these children. The kids were filled with awe and wonder as they
soared above the clouds, an experience that is often taken for granted. To make the day even more
special, Phoenix Marketcity, known for its unique shopping experience, extended its full-hearted support
by organizing a series of fun-filled activities through the day along with relishing dining experiences.”
The mall resonated with laughter, joy, and innocent exuberance as the children enjoyed their first 7D
cinema experience followed by having a blast at Snow World, Jungle Adventure, and shopping at Mini So.
Popular restaurants at the mall – Karaikudi, Mad Over Donuts and the Rajdhani also hosted them for
special dining experiences for lunch and dinner.
This marks the third consecutive year that Round Table 100 & 20 and the Ladies Circle 11 have
collaborated to carry out this heartwarming initiative. The collaboration of Madras Round Table India with
Phoenix Marketcity serves as a testament to the power of the community coming together to create such
magical moments for underprivileged children. This extraordinary event underscores the belief that every
child deserves to dream big and reach for the skies, and it is a testament to the unwavering dedication of
Round Table India and the incredible generosity of Phoenix Marketcity Chennai.

HCLFoundation’s Sports for Change athletes secure Silver at Asia Rugby U18 Sevens Championship 2023

deccanwebtv Oct 27, 2023

CHENNAI, India, Oct 27, 2023— In a remarkable display of talent and determination, NS Akshaya and V Divya, both hailing from Tamil Nadu, achieved international recognition by representing India at the prestigious Asia Rugby U18 Sevens Championship 2023. Their exceptional performance at this global sporting event earned them a well-deserved silver medal, highlighting the excellence of Indian rugby on the world stage.

Akshaya and Divya’s journey into rugby began with their participation in the transformative Sports for Change initiative, a program under HCLFoundation, which delivers the corporate social responsibility agenda of HCLTech in India. The duo made the transition to rugby from kho-kho under the coaching of Guna Sekaran Kumar, a certified rugby coach. Their performance at national tournaments representing Tamil Nadu between 2021 and 2023 caught the attention of selectors, earning them places among the top 27 rugby players in India.

“Making it to the national team was an exceptional feat and hearing our national anthem play during the award ceremony was a moment I’ll forever hold dear,” said V Divya,who playsas the fly-half for the team and is pursuing Bachelor of Science in Sports Biomechanics and Kinesiology.

“Empowering lives through education, sports and holistic development is not merely our mission, but a steadfast commitment to creating a brighter, more inclusive future. At HCLFoundation, we believe in the transformative power of education and sports to uplift communities and foster sustainable growth. Through innovative initiatives, we strive to address critical social challenges, ensuring that individuals have the tools and opportunities they need to thrive and no one is left behind,” said Dr. Nidhi Pundhir, Vice President, Global CSR, HCLFoundation.

Ahead of the Asia Rugby U18 Sevens Championship 2023, Akshaya and Divya underwent a rigorous 45-day training program at KIIT University, Bhubaneshwar, which helped them earn spots in the national rugby team.

From tailored nutrition plans to logistical assistance on and off the field, HCLFoundation’s holistic approach ensured that Akshaya and Divya had every opportunity to excel.

Netafim India Launches Toofan, Economical and Clog Resistance Drip Technology for Farmers

deccanwebtv Oct 27, 2023

• Aims to cover 25,000 ha of land and reach 35,000 farmers across India by 2025.
• Engineered with revolutionary TurbuNext™ Technology for multi-season and multi-crops applications.

Mumbai, 27 October 2023: Netafim India, a leading smart-irrigation solution provider, has launched its groundbreaking product, Toofan, an innovative irrigation technology that promises to transform farming for growers of all scales. Through this product, the company aims to cover 25,000 ha of land and reach 35,000 farmers by 2025 across India to revolutionize sustainable farming. The innovative system with best-in-category anti-clogging technology ensures optimal delivery of water and nutrients. The drip line is 40% more strong with greater tensile strength. Toofan by Netafim India is 20% more affordable than the existing and available thin wall, non-pressure-compensated (NPC) drip lines in the Indian market.

Toofan by Netafim India not only makes modern, efficient irrigation accessible to all but also offers a simplified buying process that transcends subsidy limitations. The cost-effective drip technology is now available to farmers of all scales, from large to small holdings, regardless of subsidy eligibility. The drip line is engineered for swift deployment, allowing farmers to cover up to 10 acres in a single day. This revolutionary feature saves both time and resources.

The digital launch concluded on the social media platforms of Netafim India and witnessed the interest of 10 Lakh farmers and dealers. Mr. Randhir Chauhan, Managing Director, Netafim India and Senior Vice President, Netafim Ltd., unveiled the product during the virtual launch. Toofan by Netafim India is an economical choice engineered with revolutionary TurbuNext™ technology and offers unparalleled durability, thus helping farmers achieve better crop yields. The technology is available for any row crops on flat topographies.

Speaking about the launch, Mr. Randhir Chauhan, Managing Director Netafim India and Senior Vice President Netafim Ltd., said, “Netafim India aims to provide an affordable, high-performance micro irrigation system that not only ensures consistent and uniform yields but also aids in reducing the operational costs of farmers. As a farmer’s anthropologist, we understand the dynamics of Indian agriculture and continuously work to bring solutions that meet the evolving needs of our growers. We are proud to be a part of India’s agricultural growth story and committed to bring innovations that transform the lives of farmers. We are delighted to set new standards in clog resistance and enhance Agri performance with Toofan driplines. Netafim’s Toofan is set to reshape the agriculture landscape, empowering farmers to embrace modern irrigation practices without subsidy constraints and offering an unprecedented installation speed. Our revolutionary patented technology is a testament to our commitment to support one of the largest sectors contributing to Indian GDP”.

Regardless of the water quality, Toofan by Netafim India provides lower flow rates with a large filtration area and ensures a consistent water flow to the crops. The TurbuNext™ dripper labyrinth moves the debris out of the dripper, thus preventing clogging. It maintains a unique geometric tooth-shaped structure that increases turbulence. The lower flow rates allow longer lateral lengths and fewer sub-main pipes and connectors. Thus, ultimately saving on system and labor costs per hectare by 20% and 25%, respectively.

This multi-seasonal system is useful for surface or subsurface (SDI) applications. It promises to usher in a new era of agricultural efficiency and empower Indian farmers for sustainable and quality cultivation. This revolutionary product is available in a convenient 600-meter bundle with a 16 mm diameter and dripper flow rates ranging from 1.0 L/H to 2.2 L/H. With Toofan, farmers will experience a remarkable 40% increase in strength, heightened tensile strength, crack resistance, high elongation properties, and enhanced UV resistance, which extends the product’s lifespan.

Plastic EXPO with live demo of product manufacturing –Plastivision 2023.

deccanwebtv Oct 27, 2023

“Plastic has become an immortal material in the environment and inevitable one
in day to day life. As a need of the hour this exhibition would be the first of its
kind where live demo of making of plastic products would be facilitated and best
practices in recycling each product would also be explained to visitors to bring
awareness.” Says Dr.Asutosh Gor, Co –Chairman PVI 2023 in the press meet of
PLASTIVISION INDIA 2023 organized by THE ALL INDIA PLASTICS
MANUFACTURERS ASSOCIATION (AIPMA).
Plastic is a harmless substance by itself. But the littering of plastic is dangerous
in many ways which has to be managed by people. It is worth to mention that our
country is recycling nearly 75% of plastic and is setting a good example to
others. This makes India rich in raw materials for plastic manufacturing.
“Although India has abundance of raw material and potential in manufacturing
plastics, there is still an import of finished plastic products of worth nearly 35,000
crores. This importing has to be eradicated so that we can promote ‘Make in
India’ and create more sustainable market. AIPMA, a strong association with
more than 25000 members are keen in achieving it” he added
“The GDP of our nation is 8% and within that 16% is contributed by plastic
industries. Many MSME’s are mostly plastic industries. This is only because of
flexibility in investment. Anyone with 2 lakh can start a plastic company
meanwhile one can invest in crores as either has got a market and demand in
specific. There are around 1.25 lakhs of plastic industries with nealy 52 lakhs of
employees. Plastivision India 2023 is a platform for developing global business
for large corporate companies and also MSME & Start-ups. “Says Shri M Babu,
President ,All Pondicherry Plastics Traders and Manufacturers Association.

PLASTIVISION INDIA 2023 exhibition will be held between 07 th to 11 th of
December 2023 at the Bombay Exhibition Centre, Goregoan, Mumbai. The
venue is very well connected with Metro, local train and surface transport. Hence
more than 2.50 lakhs visitors from across the world are expected for this
exhibition
This 12th edition of the plastic exhibition, considered as one of the top 5
exhibitions in the world has fully booked for stall slots before 6 months. More
than 30 countries have confirmed their participation in this five day exhibition
which will also witness new technology and live machinery. More than 1500+
exhibitors from different segments of the industry have booked their stalls in the
well facilitated modern fairground occupying the entire premises consisting of
125,000 sq.mtrs .
During the exhibition period, a number of technical conferences & B2B meetings
have been organized which will offer new trends and technologies being used by
market leaders.
PLASTIVISION INDIA 2023 has specialized pavilions with focused exhibitors:-
 Plastics in Agriculture,
 Automation,
 Die & Mold,
 Recycling (Waste To Wealth),
 Plastics in Medical & Health Care,
 Finished Products,
 Job-Fair
 Consultants Clinic

Team PLASTIVISION INDIA has rolled out a huge visitor promotion campaign all
over India and in foreign countries by organizing more than 40+ road shows to
attract more than 250,000 business visitors.

Recognized by UFI, an international exhibition apex body, and approved by the
Government of India, PLASTIVISION INDIA 2023 is also approved Ministry of
Chemical & Fertilizers – Department of Chemical & Petrochemical, Ministry of
Micro, Small & Medium enterprises, Government of Maharashtra and Make In
India.
PLASTIVISION INDIA 2023 will propel growth in plastic industry, bring
technology, promote exports, promote employment and create awareness of
plastics recycling and waste management and contribute in nation building.
More Details on www.plastivision.org.

Synergy 23 – Annual Networking conference of BNI(Business Network International) held in Chennai

deccanwebtv Oct 27, 2023

Chennai, 27 st October 2023:
BNI (Business Network International), the world’s leading business referral
organization hosted SYNERGY 23, the biggest networking event in Chennai.
 
This is the 9th edition of SYNERGY, and this edition themed as ‘Giving Direction to
Life’ signified the beautiful transformation that entrepreneurs and their businesses
undergo during the most challenging times. The event registered a strong
attendance of 1500 plus entrepreneurs primarily BNI members from Tamil Nadu and
other business owners including industry stalwarts from across the country. 
Eminent Entrepreneurs were also recognized during the event including
Speaking at the event, Mr. Sunil Sethia, Executive Director BNI Chennai South &
Chennai CBDB said, “Entrepreneurs are the Engines of the Economy” 
The opportunity to network and collaborate was the principle focus at SYNERGY 23.
The business expo had 102 Engagement Booths that helped BNI members and
visitors to experience the products and services presented with increased
opportunities for referral exchange. 
With 11092 chapters across 79 countries, BNI members generated 20.06 Billion
USD in 2022. BNI provides a global business network that remains unmatched with
the members getting increased business through quality referrals. Chennai region
with 20 chapters and 1050+ members is one of the fastest growing region both in
business terms and categories of business. 
Regional Director Mr. Ajeeth Nahar, who has been at the forefront of increasing the
footprint of BNI in Chennai and beyond, pointed the opportunities and business
growth in the suburbs of mega-cities. This has prompted BNI to launch new chapters
in the months to come where local business can attain global reach. 
The Mission of BNI is to help BNI members increase their business through a
structured, positive and referral marketing program that enables them to develop
long term, meaningful relationships with quality business professionals. 
The evening at SYNERGY 2023 showcased the recognition that BNI members
received for their outstanding contributions as entrepreneurs and innovative thinkers.
There were 150 awards presented across 20 categories that set new benchmarks of
innovative thinking and leadership.

Financial Results for Quarter/Half Year ended 30 th September 2023

deccanwebtv Oct 26, 2023

Bank’s Global Business reached ₹11.33 lakh Cr
Net profit up by 62% YoY, Operating Profit up by 19% YoY

Key Highlights (Quarter ended Sep’23 over Sep’22)

● Net Profit up by 62% YoY at ₹1988 Cr in Sep’23 from ₹1225 Cr in Sep’22
● Profit Before Tax up by 75% YoY at ₹2752 Cr in Sep’23 from ₹1571 Cr in Sep’22
● Operating Profit for Sep’23 up by 19% YoY at ₹4303 Cr from ₹3629 Cr in Sep’22
● Net Interest Income increased by 23% YoY to ₹5741 Cr in Sep’23 from ₹4684 Cr in
Sep’22
● Fee based income grew by 11% YoY to ₹805 Cr in Sep’23 from ₹723 Cr in Sep’22
● NIM (Domestic) increased to 3.52% in Sep’23 from 3.20% in Sep’22
● Return on Assets (RoA) improved to 1.06% in Sep’23 from 0.71% in Sep’22
● Return on Equity (RoE) improved by 607 bps to 19.90% in Sep’23 from 13.83% in
Sep’22
● Cost-to-Income Ratio stood at 44.36% in Sep’23 as against 44.27% in Sep’22
● Total Business recorded a YoY growth of 10% reaching the level of ₹1133091 Cr in
Sep’23 from ₹1026801 Cr in Sep’22
● Advances increased by 12% YoY to ₹492288 Cr in Sep’23 from ₹437941 Cr in Sep’22
● RAM (Retail, Agriculture & MSME) advances grew by 12% to ₹285891 Cr in Sep’23 from
₹255256 Cr in Sep’22
● Retail, Agri, MSME advances grew by 14%, 16% and 5% YoY respectively. RAM
contribution to domestic advances is 62%.
● Home Loan (Including mortgage) grew by 13%, Auto Loan by 36% and Personal
Loan by 49% YoY.
● Deposits increased by 9% YoY and reached to ₹640803 Cr in Sep’23
● CASA grew by 7%, driven by 8% YoY growth in SB, CASA ratio stood at 40%
● GNPA decreased by 233 bps YoY to 4.97% in Sep’23 from 7.30%, NNPA reduced by 90
bps to 0.60% from 1.50% in Sep’22
● Provision Coverage Ratio (PCR, including TWO) improved by 456 bps YoY to
95.64% from 91.08% in Sep’22
● Capital Adequacy Ratio stood at 15.53%, CET-I at 12.07% & Tier-I Capital at
12.63%
● Net Profit up by 16% QoQ to ₹1988 Cr in Sep’23 from ₹1709 Cr in Jun’23
● Profit Before Tax up by 15% QoQ at ₹2752 Cr in Sep’23 from ₹2394 Cr in Jun’23
● Operating Profit up by 4% QoQ at ₹4303 Cr in Sep’23 from ₹4135 Cr in Jun’23
● Net Interest Income stood at ₹5741 Cr in Sep’23 as against ₹5703 Cr in Jun’23
● Return on Assets (RoA) improved by 11 bps QoQ to 1.06% in Sep’23

Key Highlights (Quarter ended Sep’23 over Jun’23)

● Return on Equity (RoE) improved by 202 bps QoQ to 19.90% in Sep’23
● Priority Sector portfolio stood at ₹164341 Cr in Sep’23. Priority sector advances as a
percentage of ANBC stood at 42.83% as against the regulatory requirement of 40%
● Net Profit up by 52% YoY to ₹3697 Cr in H1FY24 from ₹2439 Cr in H1FY23
● Profit Before Tax up by 76% YoY to ₹5146 Cr in H1FY24 from ₹2917 Cr in H1FY23
● Operating Profit increased by 17% YoY to ₹8437 Cr in H1FY24 from ₹7194 Cr
● Net Interest Income grew by 24% YoY to ₹11444 Cr in H1FY24 from ₹9218 Cr
● Net Interest Margin (NIM) Domestic increased by 42 bps YoY to 3.57% from 3.15%
in H1FY23
● Return on Assets (RoA) improved by 29 bps to 1.01% from 0.72% in H1FY23
● Return on Equity (RoE) increased by 490 bps to 18.90% from 14.00% in H1FY23
● Cost-to-Income Ratio stood at 44.29% as against 43.14% in H1FY23
Network:
● 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).
● The Bank has 4866 ATMs & BNAs and 10825 Business Correspondents (BCs).
Digital Banking:
● Mobile Banking users increased by 47% YoY.
● UPI users and transactions increased by 34% YoY and 65% YoY respectively.
● Bank has so far launched 63 Digital Journeys under its Digital Transformation Program.
● 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.