By, Dr Sangeeta V Budur, Consultant – Paediatrics & Paediatric Intensive care, Aster RV Hospital
HMPV virus is not a novel virus – It was first isolated in 2001 by Van den Hoogen and her colleagues in Netherlands in the nasopharyngeal secretions of children with respiratory tract infections. The virus was named human metapneumovirus because it was a metapneumovirus that used humans as a host. It is known to cause a range of illnesses from mild upper respiratory infections to severe pneumonia, bronchiolitis and Acute Respiratory Distress Syndrome. About 5 to 25% of the acute pediatric lower respiratory tract infections are associated with HMPV. The viral outbreaks peak in winter and spring season in northern hemisphere and June and July in southern hemisphere. Just like any other respiratory illness HMPV spread via respiratory droplets ie coughing, sneezing or contact with infected secretions.

Vulnerable population
No age group is immune to the virus, reinfection occurs throughout the life but subsequent infections are mild. Infants, children under 2 years, elderly, Immuno compromised persons or those with underlying chronic medical conditions are more vulnerable to the severe disease. The HMPV infection appears to be ubiquitous, as virtually all children are exposed by the age of 5 years.

Symptoms of HMPV virus
Most of the symptoms are mild flu like lasting 5- 7 days requiring outpatient visits. But in children under five, HMPV is responsible for 3-10% of hospital admissions. Among the hospitalized children high grade fever, respiratory distress, wheezing rare the predominant symptoms.

Respiratory illnesses caused by HMPV?
HMPV is mainly known to cause upper respiratory tract infection in most of the children but bronchiolitis, severe pneumonia, acute respiratory distress syndrome in few which require hospitalization, oxygen therapy including mechanical ventilation.

Diagnosis
Diagnosing HMPV based solely on symptoms is difficult, as it mimics other respiratory infections like Respiratory Syncytial Virus (RSV) and influenza. PCR testing on nasopharyngeal secretions for detecting HMPV RNA is the gold standard. In India, surveillance systems like ICMR and the Integrated disease surveillance Programme (IDSP) regularly test for respiratory viruses including HMPV.

Treatment
There is no specific antiviral drug available. Treatment is mainly symptomatic and supportive with antipyretics and antihistamines. Hospitalized children may need oxygen therapy, nebulization and rarely mechanical ventilation among the severely infected.

Preventive measures for HMPV?
As of now there is no targeted therapy/ vaccine available for HMPV. Proper Hand hygiene- washing hands frequently with soap and water for at least 30 seconds. Cough etiquette such as covering the nose and mouth while sneezing and coughing, wearing a mask can limit the spread of the virus. Avoiding close contact with infected individuals, regularly disinfecting touched surfaces are additional measures.

How is it different from COVID -19?
Both viruses cause minor respiratory symptoms in most of the infected people, but COVID -19 has a broader spectrum of symptoms involving multiple body systems and a higher potential for systemic complications.

Bengaluru, January 21, 2025: AJAX Engineering, India’s leading concreting equipment manufacturer, unveiled SmartBots powered by Concrete AI, an upgraded version of its AI-driven platform launched earlier in July 2024. Building on the capabilities of the earlier version, ConcreteAI introduces Smart Audio and Video Bots to address the industry’s growing demand for intuitive and role-specific guidance. The addition of the bots takes user interaction to the next level by offering highly contextual, real-time assistance tailored to the unique challenges of the construction industry.

For professionals operating within the construction industry, the Smart Audio Bot enables instant voice-driven access to troubleshooting guides, maintenance protocols, and compliance requirements, cutting downtime on project sites. The Smart Video Bot introduces dynamic, role-specific visual guidance, with avatars designed to walk users through intricate processes such as equipment calibration, workflow optimization, or advanced technical training. By delivering step-by-step instructions in an intuitive, multimedia format, it helps bridge knowledge gaps and reduces dependency on external expertise. These bots also address a critical need for inclusivity in a multilingual workforce, currently supporting interactions in English and Hindi. This ensures that diverse user groups—from site operators to decision-makers—can navigate complex operations effortlessly, making the SmartBots powered by Concrete AI a more accessible, efficient, and productivity-driven solution.

Building upon the foundation of Concrete GPT by retaining key features like its integration with OpenAI’s GPT-4 and Perplexity Models, the platform’s vast repository of research materials and technical resources has been updated with the latest industry trends and regulatory guidelines. Beyond offering immediate technical support, the SmartBots powered by Concrete AI continues to serve as a hub for skill development and training, empowering professionals, students, and suppliers to optimize workflows, adopt sustainable practices, and make data-driven decisions for enhanced project outcomes.

Commenting on the launch, Mr. Shubhabrata Saha, Managing Director and CEO of AJAX Engineering, said, “The construction industry is evolving, and it is imperative to provide tools that simplify decision-making and improve productivity. The SmartBots powered by Concrete AI, offers a more intuitive way for professionals to access vital technical insights, streamline workflows, and enhance project outcomes. This platform reflects AJAX’s vision of empowering the industry with cutting-edge, AI-enabled solutions while fostering a culture of continuous learning and innovation.”

During the Bharat Mobility Global Expo 2025, visitors experienced live demonstrations of the Smart Bots, which showcased real-time interactions and insights tailored to user needs. AJAX’s stall also featured interactive stations equipped with tools for exploring the platform’s functionalities. Apart from this, AJAX Engineering also showcased live demonstrations of their 3D Concrete Printing machine, an immersive VR experience of their SLCMs, and their Self Propelled Boom Pumps. They also announced the launch of their CEV 5-compliant machines, reinforcing their commitment to building sustainable, efficient, and technologically advanced solutions for the construction industry.

January 21, 2025: uppercase, an innovative and sustainable homegrown luggage brand, is proud to announce its exclusive showcase at the upcoming New York Fashion Week (NYFW) Fall/Winter 2025. The event will take place from February 5 to 9, 2025, and uppercase will present its designs on February 6, 2025, at 9 PM EST at Sony Hall, New York. This milestone brings India’s ‘Made in India’ story to one of the most iconic fashion events in the world.

At NYFW, uppercase will feature its eco-friendly products on the runway, with sustainability as the key theme. The showcase will highlight the brand’s commitment to creating beautiful, sustainable designs that honor cultural heritage while embracing innovation. This is a significant moment for India’s growing presence in the global fashion scene, as Uppercase takes Indian craftsmanship to a global audience.

Commenting on the brand’s participation, Sudip Ghose, Founder and MD of uppercase, said: “This is a moment of great pride, not only for our brand but for India as a whole. We’re excited to take our message of sustainable innovation to a global stage. uppercase believes in creating designs that not only serve a functional purpose but also promote a more conscious way of living. Our mission is to bring together eco-friendly solutions and classic design, and this milestone is a powerful affirmation of that commitment.”

uppercase’s participation is part of a special “Made in India” showcase at NYFW, which features a diverse mix of designers. This marks a key moment as uppercase will be presenting eco-friendly fashion on such a global platform for the first time.

21th January, 2025, New Delhi: FM Logistic, a global leader in the logistics sector, has embarked on a HR digital transformation journey by adopting Adrenalin Max HRMS platform. The Human Resource Management System is strengthening the logistic leader’s HR operations and elevating workforce management. This strategic shift aligns with the company’s people-first philosophy, addressing critical challenges in managing its vast, dispersed, and predominantly blue-collar workforce.

In the logistics industry, where customer satisfaction hinges on manpower precision and reliability, FM Logistic was facing operational hurdles with respect to its workforce management. For its 5000+ employees across India serving multiple customers, managing data and retrieving information about their shifts, time and attendance etc. manually had become a significant challenge. The lack of a centralized platform for storing information, managing workflows, approvals, and employee records further exacerbated the issue. Key challenges included managing 65+ shift patterns, ensuring real-time attendance tracking, and meeting evolving customer requirements—all while maintaining seamless operations.

Additionally, the company struggled with the complexities of managing a large blue-collar, non-tech-savvy workforce that was on the move always. Adrenalin Max has transformed FM Logistics workforce management by addressing these challenges. By seamlessly integrating biometric machines with the HRMS, Adrenalin has not just automated and streamlined attendance tracking, it has also eliminated the manual effort of collating employee data for payroll. 16th of each month processing, which previously happened on the 16th of each month, has now been efficiently shifted to the 21st.

For sites without biometric machines, Adrenalin provided alternative, user-friendly attendance solutions tailored to operational needs.

For FM Logistics employees, the Adrenalin Max mobile app has been a game-changer, especially for those less tech-savvy. It allows them to conveniently check in and check out their attendance with the app’s easy-to-understand UI, ensuring ease of use while reducing reliance on physical systems. This feature not only enhances operational efficiency but also improves employee satisfaction by simplifying day-to-day tasks, enabling them to focus more on their core responsibilities. Adrenalin also centralized workflows, approvals, and employee records, resolving inefficiencies caused by manual processes. Overall, Adrenalin Max has enabled FM Logistic to reduce its reporting time lines from 10 days to 2, enhancing workforce management efficiency.

“Our operations are fueled by a diverse workforce operating under demanding conditions,” said Mr. Ajit Jangle, Managing Director, FM Logistic India. “Adrenalin Max has been instrumental in transforming our HR processes, bridging gaps, and streamlining workforce management. By enhancing the overall People Experience, it has empowered our teams, enabling us to focus on what truly matters—delivering exceptional service to our customers.”

“Our partnership with FM Logistic reflects our commitment to simplifying workforce complexities through innovative solutions,” said Mr. Srinivasa Bharathy, CEO, Adrenalin E-Systems. Adrenalin Max. “By integrating Adrenalin Max with their operations, we have empowered their teams to be more efficient, agile, and aligned with organizational goals.”

Beyond leveraging cutting-edge technology, FM Logistic has doubled down on its commitment to a people-centric approach. The company continues to invest in training programs, wellness initiatives, and fostering a culture of diversity and inclusion. By focusing on providing a holistic people experience, the company aims to create an environment where employees can thrive personally and professionally, ensuring their well-being and growth remain at the forefront of organizational priorities. This holistic approach has enabled FM Logistic to achieve measurable outcomes, including improved compliance with DEI (diversity, equity, inclusion) ratios and enhanced data availability for attrition monitoring. Automated workflows have significantly boosted employee and managerial productivity, ensured better allocation of resources, and focused on strategic initiatives.

Looking ahead, FM Logistic is set to scale its workforce management initiatives further with Adrenalin Max HRMS at the core of its operations. The company is looking forward to driving sustainable growth, enhancing employee satisfaction, and delivering unmatched service quality to its customers.

Mumbai, 21st January 2025: Gozoop Creative Digital, the creative vertical of Gozoop Group, one of India’s pioneer networks of integrated creative communications agencies has announced its latest mandate win with Mad Over Donuts (MOD), the OG donut brand with a rich legacy of spearheading and revolutionizing the donut market in Indian metros.

This partnership marks a deep and strategic collaboration between Gozoop Group and MOD, where Gozoop goes beyond the role of a traditional creative agency. With an intimate understanding of MOD’s brand ethos, Gozoop will be an integral partner, overseeing not just creative and marketing initiatives, but also guiding every aspect of MOD’s brand journey. From innovative packaging and product development to comprehensive marketing strategies, Gozoop will provide in-depth, 360-degree solutions that encompass every touchpoint of the brand’s presence.

As a part of the integrated mandate, Gozoop Creative Digital will execute strategic campaigns to enhance MOD’s brand love and visibility. The agency will manage the brand’s presence through strategic content creation and community-building initiatives that will ensure MOD’s cohesive brand voice resonates consistently across all omnichannel platforms.

Tarak Bhattacharya, Executive Director and CEO at Mad Over Donuts, expressed enthusiasm about the partnership: We are thrilled to collaborate with Gozoop Creative, whose innovative strategies and proven expertise align seamlessly with our vision of delivering unparalleled experiences to our audience. This partnership is a strategic step towards achieving our business objectives of enhancing brand visibility, driving customer loyalty, and leveraging digital platforms to drive brand initiatives. Together, we aim to explore innovative avenues of interaction and further solidify MOD as a beloved brand in the dessert space.”

Rohan Bhansali, Executive Chairman, Co-founder, Gozoop Group, shared :
“Mad Over Donuts is a brand that deserves not only mindspace but also heartspace in every consumer’s heart. It’s a brand where we can really explore all dimensions of marketing and brand love. As equitable partners in their business and brand our mission is to make MOD one of India’s most loved QSR brand”

Built on trust and a long-term partnership, Gozoop will be MOD’s strategic ally, driving growth and brand resonance across all platforms. This collaboration showcases Gozoop’s expertise in delivering 360-degree marketing solutions that create impactful brand experiences and drive business success. Together, they aim to set a new standard for integrated marketing excellence and redefine industry benchmarks.

Mumbai, 21 January 2025: DreamSetGo, India’s premier sports experiences and travel platform, achieved remarkable milestones in 2024, facilitating travel for 15,000+ Indian sports fans across 30+ global sporting events. With a 2x year-on-year growth in bookings, the brand highlighted India’s growing appetite for personalised and premium sports travel experiences, covering 50+ cities across India.

Monish Shah, Co-founder & CEO, DreamSetGo, said, “2024 has been a breakthrough year for sports tourism and DreamSetGo in India. From the Paris Olympics to IND vs. PAK thrillers, we’ve seen Indian fans embrace unique, luxury sports travel experiences like never before. As we look ahead, 2025 promises even greater opportunities with marquee events like the Champions Trophy, IPL, and FIFA World Cup 2026. We remain committed to redefining sports tourism by offering fans exclusive, immersive experiences that go beyond just the game.”

Top Sporting Events Facilitated by DreamSetGo in 2024:
Marquee events like the Paris Olympics, ICC Men’s T20 World Cup, Wimbledon, Formula 1, and the Premier League were the most popular among Indian fans. Iconic matchups, such as IND vs. PAK, saw the highest demand, while Olympic events like athletics, tennis, and badminton also attracted significant attention.

Key Highlights for 2024: Destinations: France, USA, and the UK emerged as the top international destinations for Indian travellers City-wise Demand: Bookings were led by Tier-I cities such as Mumbai, Delhi, Gurgaon, Bangalore, and Pune. However, Tier-II cities like Jaipur and Ahmedabad demonstrated growing interest, reflecting rising spending power in these regions Olympics 2024: DreamSetGo facilitated travel for over 2,500 Indian fans, offering exclusive packages that included tickets, hospitality, athlete meet-and-greets, and on-ground accommodations Tournaments Sold: 30+ tournaments were covered, showcasing a wide range of sporting experiences for Indian fans. Services in Demand: Tournament packages, match-day hospitality, and personalised travel plans were among the most sought-after offerings.

Emerging Trends in Sports Tourism: Personalised Travel: Nearly 80% of travellers opted for customised packages, highlighting the increasing demand for unique, tailored experiences Beyond Cricket: While cricket remained dominant, interest in other sports such as football, Formula 1, and tennis grew significantly, with excitement building around the FIFA World Cup 2026. Emerging sports like padel and pickleball also gained traction Female Participation: An encouraging rise in female travellers indicated diversification in the sports tourism demographic Hero-Centric Culture: Collaborations with over 30 legendary sports personalities enabled fans to connect with their icons through exclusive meet-and-greets, further driving interest.

 Looking Ahead to 2025:

With demand for major events such as the Champions Trophy, Wimbledon, India Tour of England, and FIFA World Cup 2026, DreamSetGo anticipates continued growth in the sports tourism segment. Their “Travel With Legends” experiences and personalised itineraries will remain central to the evolving preferences of Indian travellers.

DreamSetGo continues to set new benchmarks in luxury sports tourism, empowering fans to witness iconic sporting moments while enjoying unmatched hospitality and tailored experiences.

New Delhi/Ahmedabad, 21 January 2025: Param Renewable Energy, one of India’s largest third-party Operations and Maintenance (O&M) service providers in the renewable energy sector, backed by Gensol Group founders Anmol and Puneet Singh Jaggi, has achieved dual global recognition for its outstanding work culture and commitment to safety. The company has received the prestigious Great Place to Work® (GPTW) certification for the second year in a row. In addition, Param Renewable Energy has been honored with the Global Safety Summit’s International Safety Award 2024 in the renewable energy sector These achievements are a reflection of the company’s focus on cultivating a work environment rooted in employee well-being, operational safety and sector-leading practices.

Param Renewable Energy continues to strengthen its employee-centric and dynamic culture with outstanding ratings in categories related to management support, collaboration, respect and credibility of the leadership. Employees have consistently rated the company highly for its dedication to fairness, professional growth and camaraderie within the workplace. This people-first approach has been pivotal in creating a culture where employees thrive while maintaining a healthy work-life balance. The Global Safety Summit’s International Safety Award is a testament to the company’s proactive approach to safety standards, risk management, and ongoing initiatives that ensure safe operations at its renewable energy project sites across India and abroad.

Commenting on the recognition, Puneet Singh Jaggi, Director of Param Renewable Energy and Co-Founder of Gensol Group, shared, “Earning the Great Place to Work® certification for two consecutive years and the International Safety Award is a powerful affirmation of the exceptional team we have built at Param. As we expand our footprint in India and globally, we remain committed to prioritizing employee well-being and safety, fostering inclusion, and advancing innovation at every level. Looking ahead, our vision is to elevate our safety standards and culture to new heights. As part of our ongoing efforts, we are excited to announce that, in the coming months, we will take bold steps to ensure our control rooms across projects are fully managed by women, reinforcing our dedication to creating diverse, inclusive leadership opportunities.”

Adding to this, Kamaljeet Kaur, Chief People Officer, Gensol Group, said, “We are proud to receive the Great Place to Work® certification and International Safety Award. As the renewable energy sector is poised for significant growth, attracting and nurturing top talent is essential to driving the energy transition. At Param Renewable Energy, we are already ahead of the curve, fostering a culture of innovation and mutual respect while prioritizing safety in every aspect of our operations. We believe our employees are our greatest asset, and creating an inclusive, safe, and entrepreneurial environment is at the heart of our success. From offering progressive people policies, highest safety standards to providing leadership opportunities, we ensure that all employees have the support and resources to grow.”

The GPTW certification is based on extensive feedback from employees from across domains. Independent research reveals that organizations recognized as great workplaces outperform the market by over three times.

Param Renewable Energy is dedicated to setting new benchmarks in workplace excellence and safety while driving the global transition toward cleaner energy. By focussing on employee well-being, inclusivity, and professional development, the company reinforces its commitment to its core values and business goals.

Profitability (Year-on-Year) (Comparison: Q3FY25 vs. Q3FY24)

• Net Profit: Increased by 20.89%, rising to ₹874 crore from ₹723 crore.
• Operating Profit: Grew by 27.30%, reaching ₹2,266 crore compared to ₹1,780 crore.
• Total Income: Improved by 13.07% to ₹8,409 crore from ₹7,437 crore.
• Interest Income: Increased by 15.16% to ₹7,112 crore from ₹6,176 crore.
• Net-Interest Income: Grew by 16.30% to ₹2,789 crore from ₹2,398 crore.
• Return on Assets (ROA): Improved to 0.93% from 0.86%.
• Return on Equity (ROE): Increased to 17.86% from 17.70%.

Asset Quality (Comparison: 31.12.2024 vs. 30.09.2024 and 31.12.2023)

• Gross NPA Ratio: Declined to 2.55% from 2.72% (30.09.2024) and 3.90% (31.12.2023).
• Net NPA Ratio: Reduced to 0.42% from 0.47% (30.09.2024) and 0.62% (31.12.2023).
• Provision Coverage Ratio (PCR): Improved to 97.07% compared to 96.85% as of 31.12.2023.

Recovery:

• Total Recovery: ₹956.65 crore for the quarter ended 31.12.2024.
• Recovery from Written-off Accounts: ₹676.64 crore for the quarter.

Business Highlights (Year-on-Year) (Comparison: 31.12.2024 vs. 31.12.2023):

• Total Business: Expanded by 9.82% to ₹5,42,753 crore from ₹4,94,209 crore.
• Total Deposits: Increased by 9.74% to ₹3,05,121 crore.
• Gross Advances: Grew by 9.93% to ₹2,37,632 crore.
• CASA: Improved by 9.45% to ₹1,32,338 crore, with a CASA Ratio of 43.37%.
• Net Interest Margin (NIM): Stood at 3.33%.
• Credit to Deposit (CD) Ratio: Recorded at 77.88%.
• CRAR: Improved to 16.97%, with Tier-I at 14.33%.

Capital Adequacy

•  BASEL III Capital Adequacy Ratio (CRAR): 16.97% as of 31.12.2024, with CET1 at 14.33% and Tier-II at 2.64%.

The bank continues to demonstrate robust financial performance, driven by sustained growth in profitability, improvement in asset quality, and strong capital adequacy. We give below our financial results in detail:

PROFITABILITY (y-o-y)

(Quarter Ended 31.12.2024 Over 31.12.2023)

• Net Profit has increased to ₹874 Crore for the Q3FY25 from ₹723 Crore for the Q3FY24, registering a growth of ₹151 Crore at 20.89% Y-o-Y basis.
• Operating Profit has increased to ₹2,266 Crore for Q3FY25 from ₹1,780 Crore for Q3FY24, registering a growth of ₹486 Crore at 27.30% Y-o-Y basis.
• Total Income improved by 13.07% to ₹8,409 Crore for Q3FY25 from ₹7,437 Crore for Q3FY24.
• Interest Income grew by 15.16% on Y-o-Y basis to ₹7,112 Crore in Q3FY25 as against ₹6,176 Crore for Q3FY24.
• Net-Interest Income grew by 16.30% on Y-o-Y basis to ₹2,789 Crore in Q3FY25 as against ₹2,398 Crore for Q3FY24.
• Return on Assets (ROA) improved to 0.93% for Q3FY25 as against 0.86% for Q3FY24.
• Return on Equity (ROE) also improved to17.86% for Q3FY25 as against 17.70% for Q3FY24.

ASSET QUALITY

(Quarter Ended 31.12.2024 Over 30.09.2024 & 31.12.2023)

• Gross Non-Performing Assets (GNPA) ratio recorded at 2.55% as of 31.12.2024 as against 2.72% as of 30.09.2024 and 3.90% as of 31.12.2023.
• Net Non-Performing Assets (NNPA) ratio stood at 0.42% as of 31.12.2024 as against 0.47% as of 30.09.2024, 0.62% as of 31.12.2023.
• Provision Coverage Ratio (PCR) improved to 97.07% as of 31.12.2024 from 96.85% as of 31.12.2023. (As on 30.09.2024, PCR was 97.06%).

 RECOVERY

   Total Recovery for the quarter ended 31.12.2024 stood at ₹956.65 Crore.

   Recovery from the written off accounts for the quarter ended 31.12.2024 is ₹676.64 Crore.

BUSINESS HIGHLIGHTS (y-o-y)

(Quarter Ended 31.12.2024 Over 31.12.2023)

• Total Business grew by 9.82% to ₹5,42,753 Crore from ₹4,94,209 Crore.
• Total Deposits raised up by 9.74% to ₹3,05,121 Crore from ₹2,78,046 Crore.
• Gross Advances increased by 9.93% to ₹2,37,632 Crore from ₹2,16,163 Crore.
• Gross Investments increased to ₹1,10,144 Crore from ₹1,00,205 Crore.
• Operating Profit grew by 27.30% to ₹2,266 Crore from ₹1,780 Crore.
• Net Profit up by 20.89% to ₹874 Crore from ₹723 Crore.
• Gross NPA Ratio recorded at 2.55% as on 31.12.2024 as against 3.90% as on 31.12.2023, with a reduction of 135 bps.
• Net NPA Ratio stood at 0.42% as on 31.12.2024 as against 0.62% as on 31.12.2023, with a reduction of 20 bps.
• CASA improved to ₹1,32,338 Crore from ₹1,20,915 Crore, reflecting Y-o-Y growth of 9.45%
• CASA Ratio stood at 43.37% for the quarter ended 31.12.2024.
• Credit to Deposit (CD) Ratio stood at 77.88% for the quarter ended 31.12.2024.
• Net Interest Margin stood at 3.33% for the quarter ended 31.12.2024.
• Provision Coverage Ratio improved to 97.07%, registering an improvement of 22bps.
• CRAR stood at 16.97% of which Tier I is 14.33%.
• Return on Assets (ROA) improved to 0.93%, registering an improvement of 7bps.
• Return on Equity (ROE) improved to 17.86% from 17.70% with an improvement of 16bps Y-o-Y.

CAPITAL ADEQUACY

• BASEL III Capital Adequacy Ratio (CRAR) stood at 16.97% as of 31.12.2024, out of which CET1 is 14.33% and Tier-II is 2.64%.

Key Summary of 31.12.2024 Results

Particulars	Q3FY25	Q2FY25	Q3FY24	Q-o-Q	Y-o-Y
Operating Profit	2,266	2,128	1,780	6.48%	27.30%
Net Profit	874	777	723	12.48%	20.89%
Deposits	3,05,121	3,10,652	2,78,046	Reduced by 1.78%	9.74%
Gross Advances	2,37,632	2,30,149	2,16,163	3.25%	9.93%
Gross Investments	1,10,144	1,08,517	1,00,205	1.50%	9.92%
Business Mix	5,42,753	5,40,801	4,94,209	0.36%	9.82%
CASA	1,32,338	1,31,856	1,20,915	0.37%	9.45%
CASA Ratio	43.37%	42.44%	43.49%	93bps	Reduced by 12bps
Gross NPA	6,071	6,249	8,441	Reduced by 2.85%	Reduced by 28.08%
Net NPA	976	1,059	1,303	Reduced by 7.84%	Reduced by 25.10%
Net Interest Margin	3.33%	3.08%	3.12%	25bps	21bps
Gross NPA Ratio	2.55%	2.72%	3.90%	Reduced by 17bps	Reduced by 135bps
Net NPA Ratio	0.42%	0.47%	0.62%	Reduced by 5bps	Reduced by 20bps
Cost to Income Ratio	44.55%	48.97%	51.35%	Reduced by 442bps	Reduced by 680bps
PCR	97.07%	97.06%	96.85%	01bps	22bps
CRAR	16.97	17.45%	16.80%	Reduced by 48bps	17bps
RoE	17.86%	16.90%	17.70%	96bps	16bps
CD Ratio	77.88%	74.09%	77.74%	379bps	14bps
RoA	0.93%	0.82%	0.86%	11bps	7bps

Mumbai, January 21, 2025: The Board of Directors of IDBI Bank Ltd. met in Mumbai today and approved the financial results for the Quarter and Nine month Ended December 31, 2024.

Operating Performance for Q3 of FY 2025

• Net Profit improved by 31% in Q3 of FY 2025 to ₹1,908 crore as against net profit of ₹1,458 crore in Q3 of FY 2024.
• Operating profit improved by 20% in Q3 of FY 2025 to ₹2,802 as against ₹2,327 crore in Q3 of FY 2024.
• Net Interest Income improved by 23% in Q3 of FY 2025 to ₹4,228 crore as against ₹3,435 crore in Q3 of FY 2024.
• Net Interest Margin (NIM) improved by 45 bps in Q3 of FY 2025 to 5.17% as compared to 4.72% in Q3 of FY 2024.
• Cost to Income ratio down by 351 bps in Q3 of FY 2025 to 43.71% as against 47.22% in Q3 of FY 2024.
• Cost of Deposit stood at 4.63% in Q3 of FY 2025 as compared to 4.34% in Q3 of FY 2024.
• Cost of Funds stood at 4.82% in Q3 of FY 2025 as compared to 4.60% in Q3 of FY 2024.

Business Growth

• Total Deposit increased to ₹2,82,439 crore as on December 31, 2024 as against ₹2,58,442 crore as on December 31, 2023 registering a growth of 9%
• CASA increased to ₹1,30,899 crore from ₹1,28,962 crore on YoY basis, reporting a growth of 2%. CASA ratio stood at 46.35%.
• Net advances grew by 18% YoY to ₹2,06,807 crore as on December 31, 2024 as against ₹1,75,001 cr as on December 31, 2023.
• The composition of corporate v/s retail in gross advances portfolio was at 29:71 as on December 31, 2024 as against 29:71 as on December 31, 2023.

Asset Quality

• Gross NPA ratio improved to 3.57% as on December 31, 2024 as against 4.69% as on December 31, 2023.
• Net NPA ratio improved to 0.18% as on December 31, 2024 as against 0.34% as on December 31, 2023.
• Provision Coverage Ratio (including Technical Write-Offs) improved to 99.47% as on December 31, 2024 from 99.17% as on December 31, 2023.

Capital Position

• Tier 1 capital improved to 19.91% as on December 31, 2024 as against 18.04% as on December 31, 2023.
• CRAR improved to 21.98% as on December 31, 2024 as against 20.32% as on December 31, 2023.
• Risk Weighted Assets (RWA) stood at ₹1,87,678 crore as on December 31, 2024 as against ₹1,72,145 crore as on December 31, 2023.
  Significant Developments
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Mumbai, January 21, 2025 – Baroda BNP Paribas Mutual Fund has launched the New Fund Offer (NFO) of its Baroda BNP Paribas Energy Opportunities Fund that will open for subscription from January 21, 2025 toFebruary 4, 2025. This scheme enables investors to benefit from the expanding energy sector, as India transitions from a developing to a developed economy.

It is said that “Energy is the key to prosperity”. History shows that countries’ energy demands increase as they transition from developing to developed economies. “As India’s GDP is projected to grow by 1.9x times in the next 5 years, India’s demand for energy is also poised to grow 1.7x times. Our Baroda BNP Paribas Energy Opportunities Fund is positioned to unlock profitable investment opportunities for investors from the developments in India’s Energy sector,” said Suresh Soni, CEO, Baroda BNP Paribas Asset Management India Pvt Ltd (AMC).

Riding India’s Energy Growth Wave

Between 2003 and 2023, Chinese energy consumption, per capita, surged from 1.5 megawatt hours (MWh) to 6.6 MWh, reflecting strong growth tied to GDP expansion. Similarly, South Korea’s energy consumption has closely mirrored its per capita rise in GDP. India is now on a similar growth trajectory, with broad-based energy demand across households, agriculture, industry, commercial establishments, and infrastructure.

” Energy is a broad investment theme comprising almost a third of the stocks of the Nifty 500 index across a range of sectors and sub-sectors. Further, our research shows that not only does the Nifty Energy Total Return Index (Nifty Energy TRI) have a lower price-to-equity and price-to-book ratio compared to the Nifty 500 Total Return Index, but it also boasts higher dividend yield and faster earnings growth compared to the broader market,” said Sanjay Chawla, Chief Investment Officer – Equity and Fund Manager for the scheme.

Energy sources to meet the demand of the economy include coal, crude oil, gas, nuclear, solar, wind, hydro, geothermal, and hydrogen. The Baroda BNP Paribas Energy Opportunities Fund will allocate at least 80% of its assets to equity instruments of companies involved in exploration, production, distribution, transportation, and processing of traditional and new energy across market capitalizations.

Historically Proven Performance

Research by Baroda BNP Paribas AMC highlights that the Nifty Energy TRI has outperformed the Nifty 500 TRI over 3, 5, 7, and 10-year periods ending 31st December 2024&. This long-term outperformance underscores the potential of the energy theme to generate potential returns for investors across time horizons. “Our Baroda BNP Paribas Energy Opportunities Fund may be considered ideal for equity investors with a holding period of three years or more,” added Mr. Soni.

A Future-Ready Portfolio

The scheme will focus on investment opportunities across the traditional energy chain as well as new energy transitions. “Indian energy demand is a secular story that will be powered by the doubling of the size of India’s middle class, lifestyle changes driven by higher incomes, and energy transition. In addition, government’s focus on improving India’s energy security by more than doubling the share of natural gas to 15% of the energy mix by 2030 and boosting our coal security coupled with, the government’s plan to invite bids for 50 Gigawatt of renewable energy capacity annually between FY24-28 will see India’s solar power capacity grow 4X and wind power by 2.5X by 2031-32^. These structural changes aim to open a whole vista of profitable investment opportunities for investors,” added Mr. Chawla.

The Baroda BNP Paribas Energy Opportunities Fund is yet another offering in keeping with the funds houses’s brand promise of ‘Together for more’ designed to bring together the power of markets to create wealth, with cost effective, professional investment management services that help savers progress on the path of prosperity.

In keeping with the governments focus on this key area, several central government schemes promoting the energy sector are currently operational, including the Production Linked Incentive (PLI) on high-efficiency solar modules, the National Solar Mission Rooftop scheme, Viability Gap Funding for battery energy storage systems, and the National Green Hydrogen Mission.