
29, Apr 2024
St. Louis Men’s Group Against Cancer Holds Pickleball Fundraiser
Proceeds from the second annual event will benefit the 55-year-old nonprofit.
(St. Louis, Mo., April 29, 2024) St. Louis Men’s Group Against Cancer – a nonprofit organization that raises funds for cancer research, prevention, and care activities in the St. Louis community – will host its second annual pickleball fundraiser.
The event will be held Sat., July 20 from 9 a.m. to 2 p.m. at Missouri Pickleball Club located at 747 Gravois Bluffs Blvd. in Fenton. Tickets are $135 per two-person team and include tournament play and a light breakfast. Spectator tickets are $15 per person. Proceeds will benefit local efforts to battle cancer.
The pickleball tournament is a round robin format with four divisions including men’s competitive, men’s recreational, mixed or women’s competitive, and mixed or women’s recreational.
Founded in 1969, St. Louis Men’s Group Against Cancer has to date raised more than $4 million for over 30 charities that benefit the St. Louis cancer community. The independent nonprofit has supported numerous groups including American Cancer Society, BJC Healthcare, Camp Rainbow, The Cancer Support Community, Children’s Miracle Network, Missouri Baptist Cancer Center, and Alvin J. Siteman Cancer Center.
For more information, call (314) 786-5950 or visit http://www.mensgroupagainstcancer.org.
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- By Santosh Kumar
29, Apr 2024
Nature’s Shield: Unveiling the Power of Ayurvedic Sunscreen

Ms. Roopali Bhardwaj, Co – Founder, Bindumatra
The sun’s kiss may be a poetic notion, but its ultraviolet (UV) rays pose a significant threat to our skin’s health. Sunburns, premature aging, and even skin cancer can all be linked to excessive sun exposure. This is where sunscreen comes in – a vital line of defense against the sun’s harsh effects. But with a plethora of options available, choosing the right sunscreen can be overwhelming.
In this quest for sun protection, Ayurvedic sunscreen emerges as a compelling choice, offering a natural and holistic approach to sun care. Let’s delve deeper and explore why Ayurvedic sunscreen might be the perfect fit for you.
The Ayurvedic Advantage
Conventional sunscreens often rely on chemical filters to absorb UV rays. While effective, these chemicals can sometimes irritate sensitive skin and raise concerns about their long-term impact. Ayurvedic sunscreens, on the other hand, take a different approach. They utilize the power of natural ingredients that physically block UV rays, forming a protective shield on your skin.
This natural approach offers several advantages:
Gentler on Skin: Ayurvedic sunscreens are formulated with soothing and nourishing ingredients, making them ideal for sensitive skin types. They are less likely to cause irritation or allergic reactions.
Holistic Protection: Ayurveda emphasizes the interconnectedness of mind, body, and spirit. Ayurvedic sunscreens often incorporate ingredients that not only protect from UV rays but also nourish and improve the overall health of your skin.
Rejuvenating Properties: Many Ayurvedic sunscreen ingredients possess inherent antioxidant and anti-inflammatory properties. These can help combat free radical damage caused by sun exposure and promote a youthful appearance.
A Look Inside the Ayurvedic Arsenal
The true magic of Ayurvedic sunscreens lies in their unique blend of natural ingredients. Here are some key players and their benefits:
Zinc Oxide & Titanium Dioxide: These minerals form the foundation of physical sun protection in Ayurvedic sunscreens. They sit on the surface of the skin, reflecting and scattering UV rays.
Coconut Oil: A natural moisturizer, coconut oil nourishes the skin and keeps it supple. Its antimicrobial properties can also be beneficial.
Almond Oil: Rich in vitamin E, almond oil soothes sunburns and promotes skin healing.
Ashwagandha: This adaptogenic herb helps manage stress, which can worsen sun damage.
Aloe Vera: Known for its cooling and hydrating properties, aloe vera soothes sunburns and promotes skin repair.
Neem: This herb possesses antibacterial and antifungal properties, making it ideal for acne-prone skin.
Gotu Kola: This herb helps improve collagen production, promoting skin elasticity and reducing wrinkles.
Choosing the Right Ayurvedic Sunscreen
With a diverse range of Ayurvedic sunscreens available, selecting the right one becomes crucial. Here are some key factors to consider:
Skin Type: Ayurvedic sunscreens are often formulated for specific doshas (Vata, Pitta, Kapha) in Ayurvedic medicine. Identifying your dosha can help you choose a sunscreen with targeted ingredients to address your specific skin concerns. For instance, Pitta-dominant individuals might benefit from a sunscreen with cooling ingredients like aloe vera and sandalwood, while Vata-dominant skin might prefer a richer formula with almond oil and ghee.
SPF & Broad Spectrum: Look for an SPF (Sun Protection Factor) of 30 or higher for everyday use. Opt for a broad-spectrum sunscreen that protects against both UVA and UVB rays.
Ingredients: Carefully read the ingredient list. Choose a sunscreen with natural and organic ingredients and avoid those containing chemicals like oxybenzone or octinoxate.
Texture & Application: Consider your preference. Lotions are ideal for normal to oily skin, while creams are better suited for dry skin. Gels offer a lightweight option for those who dislike greasy textures. Ensure the sunscreen applies smoothly and leaves no white cast.
Beyond Sun Protection: A Holistic Approach: Sun protection goes beyond just sunscreen. Here are some additional Ayurvedic practices to complement your sunscreen use:
Diet: Consume antioxidant-rich fruits and vegetables to combat free radical damage caused by sun exposure.
Hydration: Drink plenty of water throughout the day to keep your skin hydrated and healthy.
Clothing & Accessories: Wear protective clothing like hats and long sleeves when spending extended periods outdoors.
Seek Shade: Limit your time in direct sunlight, especially during peak hours (10 am to 4 pm).
Remember, choosing the best Ayurvedic sunscreen depends on your individual skin type and needs. Consider factors like SPF, ingredients, and texture when making your decision. By embracing the power of plants and a holistic approach to sun care, you can achieve healthy, glowing skin year-round.
29, Apr 2024
Royaloak Furniture on Expansion Spree, launches its 169th Store in Bhimavaram, Andhra Pradesh

Andhra Pradesh, Bhimavaram, 29th April 2024: Royaloak Furniture, India’s renowned furniture brand, has further solidified its presence in Andhra Pradesh with the inauguration of a new store in Bhimavaram. With this, the brand marks an impressive 169th store opening in the country. The grand opening ceremony was honored by the esteemed presence of Mr. Vijai Subramaniam, Chairman of Royaloak Incorporation Pvt. Ltd., Mr. Mathan Subramaniam, Managing Director, Royaloak Incorporation Pvt. Ltd, Mr. Grandhi Srinivas, Honorable MLA & Government Whip, Bhimavaram Constituency, and Mr. Koyye Moshenu Raju, Chairman of Andhra Pradesh Legislative Council. This expansion underscores Royaloak’s commitment to providing quality furniture solutions to the people of Andhra Pradesh.
The grand launch event also witnessed guests from the Royaloak team, including Mr. Vijai Subramaniam, the Chairman of Royaloak Furniture, Mr. Mathan Subramaniam, Managing Director, Mr. Kiran Chhabria, the Franchise Head, Mr. Angara Nagendra Babu, State Head – AP & TS, Mr. Thammaiah Kotera, Head – VM & NSO, as well as Mr. Suryaa, Franchise Manager.
Set against the backdrop of spirited melodies of drums performed by the local band, the guests exuded enthusiasm as they orchestrated a magnificent grand launch event. The distinguished guests were warmly embraced into the festivities, signifying an extraordinary beginning to this thrilling new chapter.
Covering an impressive 18000 square feet, this store boasts an extensive array of furniture for every part of the home, including living rooms, bedrooms, dining areas, and more. Bhimavaram’s residents can now discover a wide variety of both stylish and functional furnishings. Royaloak is a go-to destination for all home furnishing needs, that offers sofas, beds, dining tables, chairs, recliners, mattresses, interior decor items, and a comprehensive selection of office and outdoor furniture, all conveniently located in their neighborhood. This store adds to the brand’s presence in Andhra Pradesh making it 14 stores in the region.
Speaking at the launch event, Mr. Vijai Subramaniam, Chairman, Royaloak Furniture said, “Today marks an exceptional day for the entire Royaloak team as we continue to grow, celebrating the inauguration of our 169th store. We are genuinely excited about our expansion in Andhra Pradesh, especially with our latest store launch in Bhimavaram. This underscores Royaloak’s dedication to providing top-quality furniture at accessible prices to our valued customers. I extend my best wishes to the franchise owners as we eagerly anticipate serving customers and assisting them in finding the ideal pieces to complete their dream homes”.
The store boasts a carefully curated and exclusive ‘Country Collection,’ showcasing the finest and most unique furniture selections from countries such as the United States, Italy, Malaysia, and India. Through its dedicated standalone stores, Royaloak aspires to elevate the aesthetic appeal of homes with its modern, luxurious, and budget-friendly furniture offerings. The brand has been fulfilling the lifestyle requirements of its expansive customer base, exceeding 10 million individuals.
With a network of over 200 immersive retail outlets nationwide, Royaloak has established a robust presence in more than 116 key locations, including Hyderabad, Vijayawada, Visakhapatnam, Mumbai, Kolkata, Chennai, New Delhi, Bangalore, Bhopal, Ahmedabad, Guwahati and Kochi.
29, Apr 2024
IIL’s Comprehensive Sustainability Report Spotlights ESG Standards and Strategic Initiatives
New Delhi, 29th April 2024 – Insecticides (India) Limited (IIL), a prominent player in the nation’s crop protection & nutrition industry, has released its Sustainability (ESG) Report FY23. The comprehensive report, titled “Accelerating Innovation to Foster a Resilient Tomorrow,” sheds light on IIL’s commitment to environmental, social, and governance (ESG) aspects which are of paramount importance to the organization.
The Sustainability (ESG) Report provides valuable insights into IIL’s strategic approach, endeavors, and performance concerning relevant ESG material aspects. This initiative, in addition to the annual report, reflects IIL’s persistent journey towards a sustainable future. For FY23, the report discloses non-financial information, activities, and sustainability initiatives adhering to the Global Reporting Initiative (GRI) Standards. External Assurance, provided by Ernst & Young Associates LLP, lends credibility to the ESG disclosure, aligning with International Standards on Assurance Engagements 3000 [ISAE 3000 (Revised)].
IIL, known for its wide array of crop protection and nutrition products, including fungicides, insecticides, herbicides, and Biologicals & Plant Growth Regulators (PGRs), has also expanded its offerings to include biologicals few years back, emphasizing sustainable growth. The report highlights IIL’s commitment to being a solution provider through specialized products, catering not only to the Indian market but also having a foothold in more than 24 countries worldwide.
Mr. Rajesh Aggarwal, Managing Director of Insecticides (India) Limited, expressed, “Our ESG journey reflects our understanding of the challenges posed to the industry. By adopting a sustainable approach, we aim to navigate these challenges and thrive in the evolving scene of customer demands. Our commitment lies in developing high-quality, sustainable products, implementing process improvements, and fostering a culture rooted in respect and ethics. We think that businesses that adopt a responsible and sustainable method of working will prosper in the future by keeping up with the quickly evolving demands of the customers.”
“The report outlines IIL’s ESG performance. Some of the key initiatives put forward by organization are: – 30% Green belt conforming to air quality standards; 590.29 MT and 21.44 KL of hazardous waste disposed of; zero liquid discharge in 3 plants, 1,473.31 MW solar power plants contributing 9% of total electricity; and CSR spent.” Added Mr. Sandeep Aggarwal, CFO.
As a stepping stone in this journey of sustainability, we conducted our first materiality assessment to identify and prioritize the issues that have a direct or indirect impact on us and our ability to create value for our stakeholders. Some of those issues include energy and emissions, water, diversity, etc. We have put forward various initiatives for these material issues as mentioned below.
In embracing digital transformation, IIL has streamlined processes at its Dahej plant, replacing manual paper-based reporting with online systems. This initiative resulted in time savings, reduced paper usage, and enhanced real-time process assessment, showcasing the positive impact of technology on operations.
Diversity and equal opportunity are integral to IIL’s culture, reflected in policies that promote a workplace free of discrimination and harassment.
Recognizing farmers as key stakeholders, IIL engages in awareness campaigns and training workshops. The CSR wing – IIL Foundation – actively partners with diverse NGOs & organizations to implement targeted programs focusing on raising farmer awareness, promoting education, and delivering preventive healthcare. In the fiscal year 2023, IIL dedicated CSR initiatives, including Project Kisaan Jagrukta Abhiyan, aimed at empowering farmers, and Project Vidhya, designed to enhance educational access for underprivileged children. Employing the “Sahi ka Mantra” (right time, right product, right dosage, right method) approach, the company stresses the importance of the accurate utilization of their crop care products.
IIL’s commitment to sustainability, innovation, and social responsibility highlights its dedication to creating a resilient and thriving future.
29, Apr 2024
Shyam Metalics Unveils SEL Tiger Foil

Kolkata, 29th April 2024 – Shyam Metalics and Energy Ltd, the leading and fastest growing metals manufacturing company in India, proudly unveils its latest development, the “SEL Tiger Foil”. Crafted with a deep dedication to preserving food freshness and increasing sustainability, SEL Tiger Foil is a testament of excellence in household food safety.
Driven by the strong demand and a projected 7.4% CAGR growth in the aluminum foil segment by 2030, Shyam Metalics is poised to benefit from increased demand and business opportunities in this sector.
SEL Tiger Foil is being manufactured in Giridh, Jharkhand by Shree Venkateshwara Electrocast Private Limited, a step-down subsidiary of Shyam Metalics and Energy Ltd is available in 2 categories, microns, 11 microns, and 18 microns. Each variant is tailored to meet diverse food storage needs. A range including 9-meter rolls for occasional needs and 72-meter rolls provides an ample supply of aluminum foil for everyday culinary endeavors, with an ideal size for regular use. This launch also heralds a new, nature-friendly box design, underscoring Shyam Metalics’ dedication to sustainable practices.
Mr. Sheetij Agarwal, Director of Shyam Metalics and Energy Ltd., stated, “SEL Tiger Foil continues our tradition of relentless innovation to meet consumer and environmental needs. By introducing this new line of products, we’re not just offering convenience; we’re also delivering freshness and eco-consciousness to households worldwide. It is our belief that SEL Tiger Foil will not only maintain food freshness and safety but will also contribute to a more sustainable future.”
SEL Tiger Foil offers superior food protection, long-lasting use, and eco-conscious packaging. The non-stick material is crafted from 100% organic cellulose and features grease-proof properties, making it ideal for an array of culinary applications. It has been rigorously tested and certified for food safety. Moreover, SEL Tiger Foil is recyclable, aligning with the principles of responsible consumption.
29, Apr 2024
An Oasis of Fun for Kids: Jus’ Jumpin’, India’s Ultimate Playland, Now at Urban Square Mall

Urban Square Mall, Udaipur’s largest shopping and entertainment destination, announced its exciting partnership with Jus’ Jumpin’- India’s Ultimate Playland. Marking its debut in Rajasthan, Jus’ Jumpin’ is a trampoline park offering an unparalleled experience for kids up to 11 years old, and the opening of its 11th store in Udaipur is no exception.
With an expansive 2022 sq. ft. space, the addition of Jus’ Jumpin’ at Urban Square Mall redefines playtime for little ones. Offering an array of unique and thrilling rides and entertainment options, each visit promises a roller coaster of excitement for all kids. In addition to its exciting attractions, Jus’ Jumpin’ offers irresistible birthday packages designed to make every child’s birthday celebration memorable.
Excited about this partnership with Jus’ Jumpin’, Mr.Uddhav Poddar, Managing Director, Bhumika Group, expressed, “We are happy to welcome Jus’ Jumpin’ to Urban Square Mall, further enhancing our commitment to providing unparalleled entertainment experiences for families in Udaipur. Jus’ Jumpin’ is more than just a trampoline park; it’s an oasis of fun where kids can unleash their imagination and boundless energy. We are confident that the addition of Jus’ Jumpin’ will elevate the mall’s offerings and create lasting memories for families.”
29, Apr 2024
Peoples Forum for Rise of South Asia- Pffrosa Launched

New Delhi,29th April 2024: “This is a century of Asia and South Asia with India as a leader has an important role to play in global scenario for overall peace, harmony and progress, as enshrined in our age-old Indian ethos of Vasudhev Kutumbkam”, said Mr. Sanjay Bhalla, General Secretary of ARSP Foundation (Indian Council of International Cooperation) while launching ‘Peoples Forum for Rise of South Asia- PFFROSA’, a two days’ summit at Vishwa Yuvak Kendra in New Delhi. It’s a joint initiative of ARSP Foundation, Yuvsatta (youth for peace)-NGO, Gandhi Smriti & Darshan Samiti, New Delhi under the Ministry of Culture, Government of India and Atmashakti Trust. Supported by Harijan Sewak Sangh, Gandhi Global Family & South Asia Peace Alliance.
Mr Pratap Singh, President of ARSP Foundation said that they’re focussing on building South Asia from the bottom-up with a focus on four key areas of ‘Trade, Tourism & Technology, encashing the demographic dividend, ensuring gender equality at all levels in our society and harnessing of water resources for environmental sustainability and action.”
Participating in the debate Mr Mahaveer Singhvi, IFS, Joint Secretary, Ministry of External Affairs, Government of India added that no developmental goal is unsurmountable if developing nations emerge as one with a focus on 3T’s i.e. Travel, Trade & Technology.
In this two-day summit, powered by collaboration with Manav Rachna University and LAVA Mobiles, many prominent people are participating namely include Mr Shailendra Kumar, Chairman of TIOL Knowledge Foundation, Mr. Nitesh Raj, Advisor TV9 Digital, Prof. (Dr.) Sankar Kumar Sanyal, President, Harijan Sewak Sangh, Prof. Monica Munjial Singh, Member, CCPCR-Chandigarh Commission for Protection of Child Rights, Mr Vijay Bhartiya, Director, South Asia Peace Alliance-SAPA, Mr Bhaskar Koirala, Former Director of Nepal Institute of International and Strategic Studies, Dr. Jwala Prasad, Director, Gandhi Smriti & Darshan Samiti and Sh. Anupam Shrivastava, former CMD of Bharat Sanchar Nigam Limited (BSNL).
On the occasion some exemplary social leaders were honoured with PFFROSA Youth Leadership Awards and they were Mr. Vishal Sehgal, Co-founder & Director, LAVA Mobiles, Mr. Rajnish Kumar, Secretary, Rajghat, Dr Geeta R. Thakur, Dean Students Welfare, Manav Rachna International University, Mr. Vedabhyas Kundu, Programme Officer, Gandhi Smriti & Darshan Samiti, Dr. Om Prakash Kansal, Country Advisor-India, Global HPV Cancer Free, American Cancer Society, Ms. Jaya Bharti- Programme Lead, Atmashakti Trust, Ms. Ankita Thakur, Programme Manager, JISA-Japan India Sustainability Alliance, Mr. Chheku Dukpa ‘Jackson Dukpa’, Founder, Global Village Connections (GVC), Bhutan, Mr. Abdul Hamid Bhatt, CEO, Rahim Greens alias Treeman of Kashmir, Mr. Sundar Ghimre, Secretary, CPN UML, Ramechap Municipality, Nepal, Mr. Nagendran Kathegan, Mannar District, Northern Province, Sri Lanka, Mr. Bashyal Deepak, Jagriti Child & Youth Concern-JCYCN, Nepal, Mr. Bawi Hlei Hu from Myanmar, Mr. Rajesh Nepali, General Secretary, Nepal National Oppressed Student Union, CPN- UML, Nepal, Mr. Uday Shankar Singh, CEO, Vishwa Yuvak Kendra.
Mr Sanjay Bhalla, Secretary General ARSP Foundation along with Mr Pramod Sharma, founder of Yuvsatta-NGO, who are the organizers of this initiative concluded the summit by sharing that perseverance and continuity matter for the ultimate success of any campaign for the good of all. They plan to hold such initiatives at the PFFROSA Summit twice a year with the next one slated to be organized after six months at friendly Sri Lanka.
Programme culminated today with an interactive session at Gandhi Darshan on ‘Revisiting Mahatma Gandhi’s ideas of social change and prayers by all participating delegates for the solidarity of South Asia at Rajghat-the national memorial (Samadhi) of Mahatma Gandhi.
29, Apr 2024
CSB Bank Limited Financial Results for the Quarter Year ended March 31, 2024

The Board of Directors of CSB Bank took on record the audited financial results for the 4thquarter (Q4 FY 2024) and year ended 31st March 2024, in their meeting dated 26.04.2024.
Highlights
- Profit After-tax: Bank recorded a Net profit of Rs 567 Crs for the year ended 31st March 2024as against a net profit of Rs 547 Crs in FY 23. Net profit improved by 4% on a Y-o-Y basis. Bank continued with its policy of maintaining accelerated provisioning during this quarter as well with few more stringent norms. RoA of the Bank is at 1.79% for FY 24.
- Strong Operating Performance: Operating profit of bank for FY 24 was Rs 780 Crs registering YoY growth of 10% as against Rs 707 Crs during FY 23. Q4 FY 24 operating profit grew YoY by 13% and stood at Rs 228 Crs as against Rs 202 Crs in Q4 FY 23.
- Net Interest Income (NII): Bank recorded a stable NII growth of 11% both on a YoY and quarterly basis. NII forFY 2024& Q4 FY 24 stood at Rs 1476 Crs (Rs 1334 Crs for FY 2023)and Rs 386 Crs (Rs 349 Crs for Q4 FY 23) respectively.
- Non-Interest Income for FY 2024 saw an impressive growth of 85% over FY 2023 mainly due to increased Fee Income, Forex income, Treasury Profits etc. On a quarterly basis ie, Q4 FY 24 vs Q4 FY 23, non- interest income has registered a growth of 56%
- Cost Income Ratio for Q4 FY 24 stood at 60.86% as against 57.45% for Q4 FY 23 and the corresponding ratio forFY 2024 was at 62.15% as against 57.12% for FY 23. The increase in CIR is mainly due to the massive investment made by the bank in building the new systems, processes, distribution, IT upgradations etc., to scale up its activities eventually as a part of SBS 2030.
- Healthy Asset Quality & Provisioning
Gross NPA and Net NPA ratios are at 1.47% and 0.51% respectively as at 31.03.2024
| Particulars | Q4 FY 24 | Q3 FY 24 | Q2 FY 24 | Q1 FY 24 | FY 23 |
| Gross NPA % | 1.47% | 1.45% | 1.65% | 1.79% | 1.26% |
| Net NPA % | 0.51% | 0.31% | 0.33% | 0.32% | 0.35% |
| Provisioning Coverage Ratio | 86.44% | 91.85% | 91.75% | 92.54% | 92.11% |
- Robust Capital Structure – Capital Adequacy Ratio is at a healthy level of 24.47%, and is well above the regulatory requirement.
- Comfortable Liquidity Position – Liquidity Coverage Ratio is comfortable at 117% (average basis)
- Total Deposits grew by 21 % YoY. CASA book is at Rs 8085 Crs with a share of 27.20%
- Advances (Net) grew by 18% YoY to Rs 24336 Crs as on 31.03.2024with a CD ratio of 82%
Performance Highlights:
| (Rs Crore) | Q4 FY 24 | Q4 FY 23 | Inc/
Dec% |
Q3 FY24 | QoQ% Growth | FY 24 | FY 23 | Inc/
Dec% |
| Interest Income | 794.87 | 636.50 | 25% | 761.84 | 4% | 2,927.54 | 2,319.65 | 26% |
| Interest Expense | 408.84 | 288.05 | 42% | 379.17 | 8% | 1,451.13 | 985.80 | 47% |
| Net Interest Income | 386.03 | 348.45 | 11% | 382.67 | 1% | 1,476.41 | 1,333.85 | 11% |
| Treasury Profits | 17.13 | 7.70 | 122% | 12.56 | 36% | 47.65 | 2.44 | 1851% |
| Other Income | 179.38 | 118.29 | 52% | 112.78 | 59% | 536.64 | 313.24 | 71% |
| Total Non-Interest Income | 196.51 | 125.99 | 56% | 125.34 | 57% | 584.29 | 315.68 | 85% |
| Net Operating Income | 582.54 | 474.44 | 23% | 508.01 | 15% | 2,060.70 | 1,649.53 | 25% |
| Staff Cost | 190.01 | 153.34 | 24% | 172.81 | 10% | 714.71 | 552.82 | 29% |
| Other Opex | 164.53 | 119.22 | 38% | 139.33 | 18% | 566.07 | 389.31 | 45% |
| Total Opex | 354.54 | 272.56 | 30% | 312.14 | 14% | 1,280.78 | 942.13 | 36% |
| Operating Profit | 228.00 | 201.88 | 13% | 195.87 | 16% | 779.92 | 707.40 | 10% |
| Provisions other than Tax | 21.61 | -9.20 | -4.54 | 18.48 | -26.21 | |||
| PBT | 206.39 | 211.08 | -2% | 200.41 | 3% | 761.44 | 733.61 | 4% |
| Tax | 54.93 | 54.74 | 0% | 50.44 | 9% | 194.62 | 186.25 | 4% |
| PAT | 151.46 | 156.34 | -3% | 149.97 | 1% | 566.82 | 547.36 | 4% |
| Deposits | 29,718.80 | 24,505.81 | 21% | 27,344.83 | 9% | 29,718.80 | 24,505.81 | 21% |
| Advances(Net) | 24,335.58 | 20,650.65 | 18% | 22,658.16 | 7% | 24,335.58 | 20,650.65 | 18% |
| CASA | 8,084.41 | 7,886.26 | 3% | 7,542.62 | 7% | 8,084.41 | 7,886.26 | 3% |
| Gold(Net) | 11,796.98 | 9,681.05 | 22% | 10,817.06 | 9% | 11,797.98 | 9,681.05 | 22% |
| CASA% | 27.20% | 32.18% | -5% | 27.58% | – | 27.20% | 32.18% | -5% |
CEO Speak:
Speaking about the performance Mr. Pralay Mondal, Managing Director & CEO said, “This is the second year of our SBS 2030 vision. In a journey like this what is more important is relentlessly pursuing the vision set in enjoying the ups and surfing through the challenges as a team. Despite the challenges posed by the economic conditions, regulatory changes, liquidity constraints, increased competition etc., we got our priorities right and could post reasonably good numbers.
We could register a net profit of Rs 567 Crs; backed by a 20% growth in Business; 18% net loan book growth and 21% deposit growth. We continued to grow faster than the average industry growth trends in both deposits and advances. Our operating profit recorded a growth of 11% supported by growth in NII and other income. Key indicators like NIM, CRAR, RoA, NPA ratios etc. continue to be strong. We continued our efforts in building the distribution by opening another 76 branches.
The most critical milestone that we look forward to in FY 25 is the roll out of phase I of CBS migration and the right execution will act as a catalyst in our progressive journey. We will be strengthening the SME & Corporate segments and strive for a better market share without losing our focus on retail including gold. Business mix will tilt towards the anticipated SME & WSBsegment and for the betterment of the Bank.
29, Apr 2024
Mahindra First Choice-backed car & bike launches a new Pre-Owned car store in Navi Mumbai

Navi Mumbai(S.N): The Mahindra First Choice-backed auto content and commerce portal car&bike recently launched a used car store; car&bike Select in partnership with Bhavna Automobiles in Navi Mumbai. Located in Vashi, Navi Mumbai, the store will offer customers a wide variety of certified pre-owned cars to choose from. Customers can avail of a guaranteed buyback, get India’s most comprehensive two-year used car warranty, and reserve the car online for a free home test drive.
car&bike Select – Navi Mumbai, will provide customers an all-inclusive superior car-buying experience combining the best of the digital as well as the brick-and-mortar formats. Pre-owned cars of all the popular OEMs like Hyundai, Maruti, Honda, Kia, Mahindra, Toyota, and others will retail at the store.
“The newly opened store promises a superior pre-owned car buying experience throughout the car buying journey. Our online portal, meticulously inspected vehicles, expert guidance, 24/7 support, and welcoming showrooms, offer the consumer much-needed support in this journey. With the growing demand for personal vehicles, there is a growing need for a partner like us who can guide the consumers buy their dream car with confidence.” said Ashutosh Pandey, MD & CEO, of Mahindra First Choice Wheels Ltd.
“We are happy to be associated with car&bike by Mahindra First Choice and launch our used car store in Vashi. We look forward to serving our customers both through our superlative customer experience and a stringent inspection process that ensures only the best cars are sold from our store” said Rajesh Shah, MD – Bhavna Automobiles, Dealer Principal – car&bike Select, Vashi, Navi Mumbai
The all-new facilities offered at the car and bike store include a free home-test drive for customers, a seven-day easy return option, guaranteed buy-back anytime during the tenure of ownership, and free RC transfer. Navi Mumbai residents should head to this new store to buy their own certified pre-owned vehicle.
29, Apr 2024
Embracing a Safety Mindset: Extending Beyond Workplace

Attributed to Remya Thomas, Head – Human Resources and Admin, Embassy Services Pvt. Ltd.
As we commemorate World Day for Safety and Health at work, let’s keep in mind that safety isn’t just about following regulations; it’s about embracing a mindset that reaches beyond our workplaces. We must make safety a top priority in all facets of our lives. Safeguarding ourselves and those we care about is crucial, whether it’s adhering to traffic laws, wearing protective gear like helmets, or staying alert in all our endeavors. Every little step we take adds up to create a safer world for everyone.
At Embassy Services Pvt. Ltd., as stewards of property management entrusted with the safety and well-being of our clients and occupants, safety leadership is not just a responsibility; it’s a cornerstone of our operations. Our steadfast dedication to safety not only enhances the caliber of our services but also strengthens the sustainability and resilience of the properties we manage.
Moreover, mental well-being holds equal importance. Given that many of us spend a significant portion of our time at work, creating a supportive environment is crucial. Encouraging breaks, facilitating constructive dialogues, and nurturing an open culture are key elements in fostering mental wellness within the workplace. Let’s emphasize both physical and mental health, thereby ensuring a workplace that is safe and conducive to well-being for everyone.