Re Sustainability and Aarti Circularity Form Groundbreaking Recycling JV
Date: 30th January, 2025
Location: Mumbai
Re Sustainability and Recycling Private Limited (ReSRL), A Re Sustainability Company (ReSL), and Aarti Circularity Limited (ACL), a wholly owned subsidiary of Aarti Industries Limited (AIL), a prominent player in speciality chemicals have joined hands to establish a transformative first of its kind in India Joint-Venture Company (JVCo) for driving the development of Plastic Materials Recycling Facilities (PMRFs) across India, aiming to revolutionise plastic resource recovery and sustainable resource management practices.
The PMRFs will focus on segregating, extracting, and recycling resources from diverse waste streams, including plastics, to produce Advanced Circular Materials (ACM) that can be utilised as raw materials, fuels, or recycled polymer feedstock. The partnership is committed to achieving a minimum resource recovery capacity of approx. 500 tons per day indicative by 2030 and exploring various feedstocks, including those from ReSL’s core operations, to maximise material and energy circularity.
The first Plastic Materials Recycling Facility under this partnership will be established in Hyderabad, Telangana, and will pave the way for advanced recycling infrastructure in the region. It will also mark a significant milestone in India’s journey toward sustainable waste management. This strategic partnership underscores a shared commitment to sustainability and technology innovation. The JVCo will evaluate and engage leading technology partners to develop and operate state-of-the-art PMRFs, setting new benchmarks in India’s recycling and waste management sectors.
Mr Masood Mallick, Managing Director & CEO of Re Sustainability, stated, “This collaboration is a significant milestone in our journey toward sustainable resource management. The partnership combines our waste management and resource recovery expertise with the rich legacy of Aarti Industries and its 40 years of expertise in speciality chemical manufacturing, enabling us to build cutting-edge infrastructure that addresses critical waste challenges. By leveraging advanced technologies and sustainable practices, we aim to create a robust framework that minimises environmental impact and fosters economic growth through resource efficiency and circularity. Together, we will set a benchmark for sustainable development in India and beyond.”
Mr Mirik Gogri, Director- Aarti Circularity Limited commented, “This arrangement between ACL and ReSRL is a pathbreaking development that builds on the synergies and competencies of two leading companies to address pressing environmental challenges by combining innovation with sustainability. Through this JV, we aim to revolutionise plastic recycling in India and beyond, aligning with ACL’s broader mission to foster a circular economy, minimise waste generation, reduce reliance on virgin resources, and mitigate environmental impact.
Chaina vs. Chamkeeli: Legacy Battle Starts January 27 on Shemaroo Umang
India is a land where family traditions are passed down through generations, one of which is the custom of passing down the responsibility of the house keys to the eldest daughter-in-law of the family. But what happens when this age-old tradition is altered, and the responsibility is handed to the youngest daughter-in-law? Badi Haveli Ki Chhoti Thakurain, a gripping new show from Shemaroo Umang, delves into this intriguing question, offering a fresh take on family dynamics power shifts and exploring unexpected changes in the hierarchy of a grand haveli. Set against the magnificent backdrop of Rajasthan, the show is set to premiere on January 27th, 2025, and will air every Monday to Saturday at 9:00 PM. This family drama promises a rollercoaster of emotions, twists, and captivating characters that will keep audiences hooked.
Produced by the celebrated writer and producer Raghuvir Shekhawat under his new banner, Natkhat Productions, the show features an all-star cast, with Diksha Dhami in the lead role of Chaina, a lively, smart, kind-hearted village girl whose life takes a dramatic turn when she enters the world of a grand haveli. Opposite her is Sheel Verma as Jayveer, and Ishita Ganguly as the cunning sister-in-law, Chamkeeli, who challenges the power dynamics within the family. The unfolding mystery of why Chaina has entered the haveli as Chhoti Thakurain sets the stage for an engaging narrative.
Sharing her excitement about the show launch, Diksha Dhami said, ” I’m really excited for everyone to finally meet my character, Chaina. She’s smart, a storyteller at heart, and has this incredible ability to make people believe in her stories—always using this talent to help those around her. On the surface, she’s cheerful and full of life, but beneath that, she hides a deep pain, which makes her a beautifully complex character to portray. Balancing her joy and hidden struggles has been a challenging but rewarding experience. I’m so grateful to Raghuvir Sir and Shemaroo Umang for trusting me with this role, and I can’t wait for everyone to meet Chaina and join her journey!”
Ishita Ganguly, who plays the villainous Chamkeeli, revealed, “Chamkeeli is the new vamp everyone will love to hate! She’s cunning, she’s bad, and she’s always up to something. From her looks to her antics, she’s unlike any character I’ve played before. I’m loving every moment of bringing her to life and can’t wait to see how fans react!”
Sheel Verma said, “My character, Jayveer, has an important role to play in the bigger story. Right now, not much has been revealed about him, but as the story unfolds, viewers will witness the inner turmoil he goes through and begin to understand why he is the way he is. At times, you might hate his actions, but eventually, you’ll fall in love with him as a person. While Chaina’s entry into the haveli as Chhoti Thakurain leaves everyone stunned, my entry will unwrap secrets that will bring an interesting turn in the story—you’ll have to watch to find out!”
Omaxe Group Celebrates Republic Day with a Two-Day Grand Event
Omaxe Group commemorated Republic Day with an impressive two-day celebration on 25-26 January 2025, at its Marketing Office in Fountain Chowk, Ghumar Mandi, Ludhiana. The event held a flag-hoisting ceremony, a series of patriotic activities, and an inspiring performance by the Police Band. The band captivated the audience with its powerful performance, as patriotic melodies echoed through the venue, creating an electrifying atmosphere of national pride.
The celebration was honored by the presence of Mr. Jasdev Singh Sekhon, Additional Joint Commissioner, as the Chief Guest. The Additional Joint Commissioner conducted the flag-hoisting ceremony, further enhancing the patriotic fervor of the occasion. The event unfolded a variety of engaging activities, including lawn activities such as poster making, graffiti, and the Wall of Fame. To keep the attendees entertained, a range of games was organized, including Mini Golf, Corn Throw, Tin Throw, Jamboree, and Giant Jenga, making the event enjoyable for all age groups.
Sharing his thoughts, Mr. Jatin Goel, Executive Director of Omaxe Group, said, “Republic Day is a tribute to the strength of our Constitution and the democratic spirit of our nation. We celebrate this day with great pride and reverence, embracing the unity and diversity of our country with our community.”
GCPL Expands Pest Control Leadership with INR 99 HIT Anti-Roach Gel
Chandigarh,30 January 2025: Despite 93% of Indian households cleaning daily, cockroach infestations persist in 65% of urban homes, with over half reporting medium to high infestation levels. Cockroaches, known carriers of harmful bacteria and allergens, pose significant health risks, including respiratory issues and foodborne illnesses. Addressing this persistent challenge, Godrej Consumer Products Limited (GCPL), under its brand Godrej HIT, has introduced HIT Anti-Roach Gel—a compact, affordable (INR 99), and effective addition to its market-leading household insecticide portfolio
HIT is one of the market leaders, extensively used by consumers to tackle cockroach infestations. Building on the success of its HIT Anti-Roach Gel, GCPL identified an opportunity to enhance accessibility with a smaller, more cost-effective variant that maintains its effectiveness. This new pack addresses the growing demand for affordable pest control solutions while combating the spread of counterfeit products in the market. This innovation has the potential to unlock a 10x growth opportunity for cockroach gels, further solidifying Godrej HIT’s position as a category leader and innovator
Commenting on the launch, Shilpa Suresh, Head of Marketing – Home Care, Godrej Consumer Products Ltd (GCPL), said, “We are aware of the serious health risks posed by mosquito-borne diseases, which remain a major public health concern. Similarly, cockroaches, if left unchecked, can become a growing threat to public health. Their presence in our homes can lead to long-term health issues, affecting our families’ well-being. It is critical that we provide effective solutions that are accessible to every household, ensuring that families have the first line of defence against these pests.”
She further adds, “At GCPL, customer-centricity and innovation drive everything we do. The success of HIT Anti-Roach Gel inspired us to create a more accessible, smaller version that retains the superior efficacy of the original product. With the new variant of HIT Anti-Roach Gel, we aim to empower households across India with a reliable, affordable, and effective solution to eliminate cockroach infestations from the nest, particularly in kitchens where health and safety are paramount.”
The West and South regions of the country report some of the highest levels of cockroach infestations, driven by climate, urban density, and sanitation challenges. HIT Anti-Roach Gel’s strategic focus on these regions highlights Godrej HIT’s commitment to addressing regional needs with tailored solutions.
The market for gel-based anti-cockroach products in India, valued at nearly INR 100 crore, is growing at over 25% year-on-year. This increasing demand for safe and effective pest control solutions reinforces GCPL’s dedication to delivering innovative products that cater to consumers’ evolving needs. The HIT Anti-Roach Gel, offering up to 45 days of protection with a single application, is designed for use around kitchen/rooms. Its kitchen-safe, odourless formula ensures homes remain pest-free without the use of harmful chemicals. Ideal for application in high-risk areas such as cupboard hinges, shelves, and cracks, the product provides consumers with a simple and efficient solution to control cockroach infestations.
The new variant of HIT Anti-Roach Gel pack provides the same level of protection and is priced at just INR 99 for 15g. It ensures long-lasting cockroach control while catering to a wider audience seeking value and effectiveness. With its proven expertise in pest control, Godrej HIT remains the trusted choice for millions of households, delivering effective, safe, and accessible solutions.
Godrej Remains Top Choice for Security Solutions in India
Chandigarh, 30th January, 2025: The Security Solutions business of the Godrej Enterprises Group is set to strengthen its leadership position in India’s security solutions industry, aiming for a market share of 85% in the home locker segment and 70% in the safes and vaults category by 2025. As the only organized player offering holistic security solutions across both B2B and B2C segments, the company is well-positioned to meet the growing demand for advanced and reliable technology-driven security systems.
This growth is fuelled by a focus on consumer-centric innovation, accessibility, and strategic market penetration. By utilizing an extensive network of channel partners and maintaining a robust presence on e-commerce platforms such as Amazon, Godrej ensures its solutions are easily accessible nationwide.
Mr. Pushkar Gokhale, Executive Vice-President and Business Head of the Security Solutions Business of Godrej Enterprises Group, said, “At Godrej Enterprises Group, we envision a future where well-being and security seamlessly integrate into the fabric of daily life, empowering individuals and businesses to thrive without compromise. As we chart our course toward FY-26, our focus remains on harnessing technology and customer insights to deliver solutions that are not only reliable but also anticipate the needs of an ever-evolving world. By expanding our reach to underserved markets and driving innovation, we aim to redefine industry standards and contribute meaningfully to building a secure, more resilient society.”
With a diverse product portfolio, Godrej Enterprises Group is well-positioned to leverage the growth in personal consumption and premiumization trends. Godrej’s product portfolio reflects its commitment to innovation, with cutting-edge solutions such as solar-powered CCTV cameras, safes, access control devices, safe deposit lockers and vault equipments for varied needs. The company also extends its expertise to specialized solutions, such as advanced valves for defense applications, highlighting its ability to address complex and critical requirements.
With strategic investments in R&D and a customer-first approach, Godrej remains ahead of industry trends. As part of its FY-26 vision, the Security Solutions business aims to expand its footprint into Tier 2 and Tier 3 cities while strengthening its global presence. Backed by a strong legacy of design-led innovation, Godrej continues to set benchmarks, ensuring its solutions remain future-ready and aligned with the needs of modern consumers and businesses.
Capital Small Finance Bank Q3 FY25 Results
Chandigarh/ Jalandhar, January 30, 2025: Capital Small Finance Bank Ltd, India’s first small finance bank commenced operations in 2016, declared its un-audited financial results for Q3 FY25 and 9M FY25 ended on December 31, 2024.
Mr. Sarvjit Singh Samra, MD & CEO of Capital Small Finance Bank, said,
“We are consistently progressing towards a promising future and have closed the Q3FY25 with a Profit After Tax (PAT) of ₹34.0 crores, reflecting 18% Y-o-Y growth, with Return on Assets (ROA) inched up to 1.4%, scaling from 1.3% in Q3FY24. Gross advances increased to ₹6,816 crores, registering a growth of 19% Y-o-Y, with disbursement growth of 92%, with reduction in GNPA/NNPA to 2.67%/1.35%. Our deposits continue to be retail centric with CASA of 39.1%, grew to ₹8,384 crores, with a Y-o-Y growth of 12% and an 8% Q-o-Q.
These results underscore our commitment to deliver progressive growth while remaining steadfast in our mission to accessible banking for all. As we look forward, we are optimistic towards our growth momentum and delivering value to our stakeholders.”
Key Highlights Q3 FY25:
Balance Sheet growth:
- Gross Advances increases by 19% Y-o-Y and 11% YTD to Rs. 6,816 crores, with 99%+ being secured and Zero direct MFI exposure.
- Deposit increases by 12% Y-o-Y and with Q-o-Q growth of 8% to Rs. 8384 crores, with 93.2% being the retail deposit.
- CASA ratio of 39.1% in Q3FY25 against 37.1% in Q2FY25.
- Total Shareholder’s fund stood at Rs. 1,302 crores.
Profitability Growth:
- Profit after Tax increases to Rs. 34 crore with 18% growth Y-o-Y basis.
- ROA inched up to 1.4%, scaling from 1.3% in Q3FY24
- NIM increases to 4.3% in Q3FY25 against 3.9% in Q3FY24.
- Cost to Income Ratio decreases to 62.1% in Q3FY25 against 62.8% in Q3FY24
Other Aspects:
- Capital Adequacy Ratio stood at 25.8%.
- Gross NPA and Net NPA of 2.67% and 1.35% respectively in Q3FY25 against 2.97% and 1.53% in Q3FY24, with ~ZERO write offs.
Boost Coverage Not Budget with Bajaj Allianz Life’s Critical Illness Rider
Chandigarh,30 January, 2025: Bajaj Allianz Life, one of India’s leading private life insurers, has launched Bajaj Allianz Life New Critical Illness Benefit Rider, a non-linked, non-participating, individual, pure risk health rider, covering up to 60 major critical illness (CI) conditions. It is a smart add-on designed to strengthen financial protection against major health setbacks, ensuring customers’ savings stay intact during a medical crisis. Customers can avail the rider with the Company’s flagship term plan Bajaj Allianz Life e-Touch II.
Designed to bridge gaps in healthcare costs, Bajaj Allianz Life’s new Critical Illness Benefit Rider provides critical financial support across different customer needs. For those without Mediclaim, it acts as a financial cushion, preventing savings from being depleted during a medical emergency. For those with a basic Mediclaim cover (e.g., ₹5 lakh), it helps bridge the gap between policy limits and actual treatment costs, which can often exceed coverage. Even for those with a higher Mediclaim cover (e.g., ₹50 lakh), this rider ensures financial stability by covering loss of income and protecting one’s lifestyle, making it a vital addition to a well-rounded financial plan.
Tarun Chugh, MD & CEO, Bajaj Allianz Life said, “adding the Critical Illness Rider to your policy is like a booster shot for your financial health—an extra layer of protection against life’s medical uncertainties. A serious illness can bring unexpected expenses forcing you to dip into your savings and potentially disrupting your long-term financial plans. This rider ensures that doesn’t happen. With an affordable yet powerful safeguard, Bajaj Allianz Life helps you stay financially secure and focused on your life goals”.
Key features of Bajaj Allianz Life New Critical Illness Benefit Rider:
- Broad Coverage: With a minimum age of 18 years to maximum of 80 years, one can get protection against a wide range of critical illnesses including cancer, heart attack, stroke, and more.
- Flexible Options: Choose from three rider options like Critical (10 major CIs), Enhanced (25 major CIs), and Comprehensive (60 major CIs) tailored to individual needs.
- Tax Benefits: Offers tax deductions as per eligibility.
- Health Management Services: Access to medical second opinions and consultations from registered service providers.
Air India to Showcase Premium Offerings at OTM 2025
Chandigarh, 30 January 2025: Air India, India’s leading global airline, is set to showcase its premium cabin product and in-flight offerings at the upcoming Outbound Travel Mart (OTM) 2025, Asia’s premier and most influential travel trade show, scheduled to take place from 30 January to 1 February 2025 at the Jio World Convention Centre, BKC, Mumbai.
Taking inspiration from Air India’s signature design philosophy, the exhibition booth has been conceptualised with ‘The Vista’ as an integral part of its structure, blending aesthetics with immersive digital experiences.
The pavilion will showcase various aspects of Air India’s transformation journey, captivating audiences with a live demonstration of Business Class and Premium Economy seats that are today available on Air India’s newly retrofitted A320 family aircraft. These aircraft come with subtle cabin mood lighting, spacious legroom and wider pitch, and modern features, like portable electronic device (PED) holders and USB ports to charge mobile phones, laptops and other gadgets, among others.
Visitors will be able to experience the seats in real-time while also getting a glimpse of Air India’s brand new A350 product at the Virtual Reality (VR) experience zone. In addition, Air India will also display a selection of in-flight meals to showcase its refreshed menus and enhanced dining experience onboard.
“OTM 2025 presents a significant platform for Air India to engage and deepen ties with more than 40,000 key trade visitors from across the globe while highlighting the milestones of our transformation journey. With the Air India pavilion featuring unique activations and immersive experiences, including our Business Class and Premium Economy seats, we are set to demonstrate our commitment to delivering world-class product and services to our customers,” said Nipun Aggarwal, Chief Commercial Officer, Air India.
At the VR experience zone, visitors will embark on a virtual journey of the state-of-the-art A350 aircraft that have recently been deployed between Delhi and London Heathrow, New York (JFK), and Newark.
Air India’s A350 aircraft feature 28 private suites in Business class with full-flat beds in a 1-2-1 configuration, and 264 spacious Economy seats arranged in a 3-3-3 configuration. Each suite in Business provides direct aisle access, sliding privacy doors, and a personal wardrobe. All seats across cabins on the A350 come with the latest-generation Panasonic eX3 in-flight entertainment (IFE) system and HD screens that offer more than 3,800 hours of entertainment content from around the world. The A350 flights also feature the airline’s new signature soft product and award-winning guest enhancements, including new chinaware, tableware and glassware, plush bedding, and bespoke amenity kits.
The booth will also give visitors a chance to sign up for Maharaja Club, Air India’s all-new frequent flyer program that offers a host of privileges and exclusive benefits. In addition, visitors will have the opportunity to win multiple prizes, including curated gift hampers or a complimentary economy class ticket, through a raffle that will be conducted at the booth.
The European Union Back as Jaipur Literature Festival Partner
Jaipur, 30 January 2025: The European Union (EU) is set to partner again with the Jaipur Literature Festival for the upcoming edition from 30 January to 3 February in the Pink City. This partnership celebrates the vibrant cultural and literary ties between the EU and India, showcasing the rich diversity of European literature and its unique cultural and linguistic heritage at the ‘greatest literary show on Earth’. Bringing together leading voices from literature, politics, science, and the arts, the festival is a forum for meaningful exchange.
The festival will feature an impressive cohort of over 15 EU authors, including Gabriela Ruivo, the European Union Prize for Literature (EUPL) 2024 nominee. Cheyenne Olivier, Philippe Claudel and Ira Mukhoty from France; Cauvery Madhavan, Jessica Traynor and Jane Ohlmeyer from Ireland; David Hernández de la Fuente, Santiago Íñiguez de Onzoño, Francesc Miralles and Santiago Roncagliolo from Spain; Bruno Maçães from Portugal; Daniil Tolstoy from Sweden; Yaroslav Trofimov and Livia Manera Sambuy from Italy; Kader Abdolah from the Netherlands; Tonio Schachinger from Austria; Zygmunt Miłoszewski from Poland; and Mark Mobius, Jenny Erpenbeck and Michael Hofmann from Germany will participate in a variety of sessions bringing stories and experiences that reflect Europe’s diversity and creativity. In addition, EU Ambassador Hervé Delphin and Irish Ambassador Kevin Kelly will also join as panellists.
As part of the partnership, the EU Delegation to India will also co-host the festival’s inaugural reception, spotlighting the rich confluence of European and Indian literary traditions. This collaboration further strengthens the EU’s longstanding relationship with India, emphasizing the importance of literary and cultural connections in fostering global partnerships.
At the Festival, H.E. Hervé Delphin, European Union Ambassador to India, will join the EU authors in engaging audiences through thought-provoking discussions for the session “Books, Ideas, and Digital Ecosystem” on 30th January, along with Brian Murray, CEO of HarperCollins, and academic and writer Mukulika Banerjee, moderated by Sanjoy K. Roy, Managing Director, Teamwork Arts.
Talking about the long-standing partnership with the Jaipur Literature Festival, Ambassador Delphin said, “For the EU, partnering with the Jaipur Literature Festival is not only about celebrating a shared love of literature with India – it’s about sparking conversations that impact society, fostering creativity, and strengthening our cultural ties. By bringing together Indian and European voices, we’re creating a unique moment that showcases the richness of our combined storytelling traditions.” He added, “Our strong EU-India bilateral strategic partnership needs to be nurtured by people-to-people interaction. Culture is part of that canvas and literature is a powerful medium for building understanding and affinities. Over 15 European authors will be in Jaipur to share fresh perspectives, bold ideas, and stories that connect. This year, as we look forward to elevating our partnership with India, we’re also taking our partnership with the Festival to new heights.”
Sanjoy K. Roy, Managing Director, Teamwork Arts, said: “We are delighted to partner with the European Union at the 18th Jaipur Literature Festival. With over 35 writers coming from across Europe, this collaboration is about discovering Europe through the lens of literature. It’s an honour to host the European Union Prize for Literature (EUPL) and feature their 2024 nominee, Gabriela Ruivo, as part of this literary celebration.”
EUPL Nominee 2024 Gabriela Ruivo is an acclaimed Portuguese writer, and the winner of several literary awards. Celebrated for her exploration of themes such as identity, memory, and the human experience, Gabriela’s works have resonated with readers worldwide. She will discuss her journey across genres and borders at the Festival at the session, ‘The Portrait of Life’ along with Tonio Schachinger and Swati Chopra. Expressing her thoughts, she said: “I am excited to participate in the Jaipur Literature Festival, a space where the world comes together through literature. I look forward to engaging in meaningful conversations with fellow authors and readers, publishers and translators, exploring how literature can inspire creativity and change.”
The Jaipur Literature Festival, held annually in the vibrant city of Jaipur, Rajasthan, will take place from 30 January to 3 February 2025. Drawing thousands of literary enthusiasts, authors, and cultural leaders from across the globe, the Festival is a hub for global conversations on literature, arts, and culture.
South Indian Bank Inaugurates SIB Tower on 96th Foundation Day
Kochi, Jan 30: Marking a significant milestone in its illustrious history, South Indian Bank celebrated its 96th Foundation Day with the grand inauguration of its new office, SIB Tower, in Kakkanad, Kochi. Established on January 29, 1929, by forty-two enterprising visionaries from Thrissur, the Bank has been a beacon of resilience and progress, aligning itself with the spirit of the Swadeshi movement. Over the decades, it has transformed into a premier financial institution, serving millions across the nation with a robust commitment to excellence, innovation, and customer-centric banking solutions.
The Foundation Day celebrations saw the presence of esteemed dignitaries, including board members, past directors, retired employees, and valued customers, reinforcing the institution’s enduring relationships with its stakeholders. The newly inaugurated SIB Tower, a state-of-the-art facility, stands as a testament to the Bank’s growth and aspirations as it moves towards its centenary year.
Spanning approximately 200,000 square feet, the 12-level structure—comprising a basement, ground floor, and 11 additional floors—houses an array of modern facilities. Among these are a Mega Currency Chest, a fully operational branch office, and workspace designed to accommodate around 1,200 employees. Additionally, the building features an auditorium with a seating capacity of over 200, an advanced audio-visual boardroom, nine meeting rooms, three interview rooms, and multiple high-speed elevators. The basement provides a double-storeyed parking facility for about 150 vehicles, ensuring seamless accessibility.
In his inaugural address, Mr. V J Kurian, Chairman of South Indian Bank, underscored the significance of the occasion, stating, “This building is not merely an infrastructure; it is a reflection of our deep-rooted foundation and future ambitions. As we commemorate 96 years of service, this milestone serves as a reaffirmation of our dedication to operational efficiency, innovation, and fostering a progressive work culture. The SIB Tower is a stepping stone towards our centenary celebrations and beyond.”
The construction of SIB Tower was met with formidable challenges, including disruptions caused by the COVID-19 pandemic and recurring floods. However, the perseverance and commitment of all involved ensured the successful completion of the project. Mr. Kurian extended his gratitude to those who played a pivotal role, particularly former Chairman Mr. Salim Gangadharan, for his instrumental contributions during crucial phases of the project’s development.
Reflecting on the Bank’s remarkable legacy, Managing Director and CEO, Mr. P R Seshadri, remarked, “Since its inception, South Indian Bank has stood firmly on the pillars of trust, integrity, and service excellence. Our strong foundation has enabled us to navigate various challenges and achieve significant milestones. The inauguration of this modern facility symbolizes our unwavering dedication to creating a resilient, adaptable, and technology-driven banking ecosystem.”
The core purpose of South Indian Bank, as envisioned by its enterprising founders, was to establish an efficient and service-oriented financial institution that would serve as a reliable repository of savings and credit for individuals and businesses, ensuring accessibility to financial services at reasonable interest rates. Translating the vision of its founding fathers into its corporate mission, the Bank has, over its long and distinguished journey, evolved into a vibrant, fast-growing, and customer-centric financial intermediary. It has successfully positioned itself as an industry leader, setting benchmarks in service excellence and financial innovation while reinforcing trust among its vast customer base.
The celebrations also included a heartfelt tribute to retired employees, acknowledging their invaluable contributions to the institution’s journey. Customers, whose continued trust has been integral to the Bank’s growth, were also felicitated.
Looking ahead, Mr. Seshadri emphasized the Bank’s forward-looking vision, stating, “This new facility is not just an operational hub but a symbol of our aspirations to remain at the forefront of the banking sector. It will play a vital role in propelling us towards new achievements, enabling us to serve our customers with greater efficiency and dedication.”
South Indian Bank, known for its customer-centric approach and pioneering initiatives, has evolved from its humble beginnings into a distinguished financial institution with a nationwide presence. Over the years, it has continuously adapted to the evolving banking landscape, reinforcing its commitment to digital transformation and financial inclusion.
As the Bank inches closer to its centenary, it remains deeply rooted in its legacy while embracing the future with optimism and innovation. The 96th Foundation Day celebrations concluded on a promising note, with the leadership expressing confidence in the institution’s continued growth while upholding the values that have defined it for nearly a century.