• Realgard to reach to over 20 districts in Karnataka over the next one year and increase retailer base to around 1000 • Realgard to establish an Energy Club to benefit and Empower Electricians- • Energy Efficient
Leading electrical original equipment maker (OEM) Realgard has launched Realgard Stabiplus, a breakthrough product in voltage stabilization for both households and commercial establishments. Stabiplus is a first-of- its-kind, centralised intelligent voltage protection device that eliminates the need for separate voltage stabilizers for refrigerator, television, air conditioner, laptop and other electrical equipment at homes. Stabiplus, which is equipped with an electrical distribution box with centralized voltage control system, is the latest product of Realgard, and has central government-approved patents. Stabiplus consumes less than 10 units of power per month and also reduces electricity wastage in different stabilizers at homes, thereby effecting savings by bringing down the electricity bill. “The main advantage of Stabiplus when compared to a regular stabilizer is that it is one- stop solution that protects all electronic appliances and lighting products in a home or commercial establishment.
It is a concealed centralized voltage protection system. For homes that currently use traditional electrical distribution boxes, there is a Stabiplus model that can be wired to the existing distribution box. For homes under construction, built in Stabiplus-wired distribution boxes can be used. Provision for fixing ELCB & MCBS will be available in these distribution boxesThese are available for single phase and three phase application. The product comes with a two-year warranty with strong customer support. In Stabiplus-wired distribution boxes, there is facility to connect ELCB and MCB. In case of any damage to the equipment, there is a bypass switch that can be activated without the help of an electrician” said B Sreekumar, Managing Director, Realgard Power Controls Pvt. Ltd. The adoption of centralized voltage control systems in all homes and commercial establishments can lead to the whole country benefitting from higher power savings and better power management systems. “Our aim is to extend our market reach to over 20 districts in Karnataka over the next one year and increase our retailer base to around 1000 and should have pan India presence by 2022.
We plan to make Stabiplus available at regular electrical outlets. Our products will also empower electricians such that it will bring the whole new area of voltage stabilization under their work ambit. We will also be establishing an energy club for electricians to become members for additional benefits. We will ensure that the special benefits of company offers on products are given to electricians. We will also conduct a series of training programs to improve the knowledge of electricians. In terms of new products, we intend to bring out at least one new electrical solutions for households and commercial establishments” Sreekumar added. Capacity of Realgard models range from 10KVA to 25KVA. Realgard Stabiplus will be available at retail electrical outlets across Bengaluru within one week and its price ranges from Rs 11990/- to Rs 39950/-.Zero cost EMI facility provided by Manappuram Finance Limited is available for the purchase of all models.
* 5 1/2 -year-old girl from Oman is the youngest ever patient to undergo the surgery in India
* She was suffering from a rare disease called DYT-16, a progressive abnormal posturing of limbs leading to complete dependence for daily activities due to generalized dystonia (abnormal muscle contraction).
This feat is performed by the ‘Neuroscience department’ at Vikram Hospital Bengaluru.
Nafiza(Name change), a 5 1/2 -year old child from Oman was diagnosed to have a rare genetic condition called DYT-16. It is characterized by progressive abnormal posturing of limbs (medically termed as dystonia) leading to complete dependence for all activities of daily living (ADL). She is completely bed bound and dependent from all the activities of daily living. It is a rare genetic abnormality case with only about 10-15 cases documented worldwide. Patient is under the treatment and observation of a team of doctors from the Neuroscience Department consisting of Dr. Prashanth LK, Consultant Parkinson’s Disease & Movement Disorder Specialist; Dr. Kiran Khanapure, Functional Neurosurgeon; Dr. S. Raghavendra, Consultant Neurologist and Epileptologist from Vikram Hospital.
The treatment involved surgical procedure for over 7 hours called- Deep Brain Stimulation (DBS). DBS is commonly done for Parkinson’s disease patients. However, in addition to this, it is also done in other disorders like Dystonia and tremors. After the seven hours of surgery at Vikram Hospital in Bengaluru, Nafiza is on her way to recovery.
Elaborating on the criticality of the case, Dr. Prashanth L. K, Consultant Parkinson’s Disease and Movement Disorders Specialist, Vikram Hospital Bengaluru, said, “DYT16 being a very rare disease, treatment options are very limited and experiences are limited. In fact DBS for DYT16 has been done only for four other individuals worldwide to-date. After various options we decided combinedly for a surgical intervention. Now after one month of surgery, she has made significant improvements. We are hoping to that her improvements will much better in due time”
Dr. Kiran S. Khanapure, Functional Neurosurgeon, Vikram Hospital Bengaluru said, “This case is critical for Vikram Hospital as being the first ever case of DYT 16 operated in India and also being the Youngest child to undergo DBS surgery in India. Since the patient is 5 1/2 years old, the challenges are high as the implants done are mostly for adult patients. In view of her low weight and subcutaneous fat, we placed the DBS battery in the abdominal wall (as against to where we usually place, i.e. below the collar bone).”
Dr. Somesh Mittal, MD & CEO, Vikram Hospital Bengaluru also commented “We are proud of our doctors for been handling critical cases successfully. This case is one of the most sensitive and challenging cases for the doctors as DBS is mainly performed involving equipment’s that are used for adults but after detailed planning by our experts she underwent through the procedure with implantation of electrodes in brain (the part called as Globus Pallidus interna). Our expertise from the team of doctors helped take right decisions and enabled the parents to see new hope for their daughter.”
DYT-16 is usually transmitted in autosomal recessive manner (like consanguineous parentage or both parents having one abnormal gene) and is noted in the early childhood years. Currently till date, very few families have been documented worldwide to have DYT16. There is no specific curative treatment for DYT16 yet.
Achieved the Landmark figure of Rs. 5 Lakh Crore Business.
Bank has reported Net Profit of Rs 435 crore in Q3 FY 2019-20 as against Net Profit of Rs. 108 crore in Q3 of FY 2018-19.
The Operating Profit increased by 111%, from Rs.634 crore in Dec-2018 quarter to Rs.1336 crore in Dec-2019 quarter.
The Net Interest Income (NII) has increased by 16%, from Rs.1619 Crore in Dec-2018 quarter to Rs.1871 Crore in Dec-2019 quarter.
Domestic NIM has increased by 46 bps from 2.80% in Dec- 18 Quarter to 3.26% in Dec-19 Quarter.
CASA deposit has increased by 8.13% on Y-o-Y.
Overall Cost to income ratio has declined from 71.68% as on Quarter ended Dec-18 to 52.06% as on Quarter ended Dec-19.
Gross NPA Ratio declined from 12.54% as on Dec-18 to 11.33% as on Dec-19.
Net NPA Ratio declined from 6.75% as on Dec-18 to 5.94% as on Dec-19.
Provision Coverage Ratio has improved from 64.81% as on Dec-18 to 69.28% as on Dec-2019.
The CRAR Ratio improved from 12.46% as on Dec 18 to 14.36% as on Dec 2019. CET has improved from 7.65% as on Dec 18 to 9.51% as on Dec 2019.
Performance Highlights for the Third Quarter of FY 2019-20
Interest Income:
The interest income for quarter ended Dec-2019 is Rs.5,403 crore as against Rs.5,459 crore in its corresponding period of previous year.
Other Income:
The other income increased by 48% to Rs.915 crore for the quarter ended Dec-2019 as against Rs.619 crore in corresponding quarter of previous year. The increase is mainly due to increase in recovery in written off advances.
Interest Expenses:
The Interest expenses decreased by 8% from Rs.3,840 crore in Dec-2018 quarter to Rs.3,532 crore in Dec-2019 quarter.
Net Interest Income (NII):
The Net Interest Income (NII) has improved by 16% from Rs.1619 Crore in Dec-2018 quarter to Rs.1871 Crore in Dec-2019 quarter.
Operating expenses:
The operating expenses decreased by 10% from Rs.1,604 crore in Dec-2018 quarter to Rs.1,450 crore in Dec-2019 quarter.
Operating Profit:
The operating Profit for Dec-2019 quarter increased by 111% from Rs.634 crore in Dec-2018 quarter to Rs.1,336 crore in Dec-2019 quarter.
Provisions & Contingencies:
The Bank has made provision and contingencies of Rs.901 crore during Dec-2019 quarter against Rs.526 crore during Dec-2018 quarter.
Net Profit/Loss:
The Bank made net profit of Rs. 435 crores for the Quarter ended Dec-2019 against a net profit of Rs.108 crores during Dec-2018.
The Bank’s Total Business increased to Rs.5,00,971 crore as on Dec of 2019 as against Rs.4,67,911 crore recorded in Dec of 2018 showing as increase of 7%. The Domestic Business increased to Rs.4,44,033 crores as on Dec 2019 as compared to Rs.4,04,304 crore reported in its earlier corresponding period.
Deposits:
The Bank’s Total deposits increased to Rs.2,77,368 crore as on Dec 2019 as against Rs. 2,59,064 crore in its corresponding period of a year ago.
Advance:
The total Advance as on Dec 2019 increased to Rs.2,23,603 crore as against Rs.2,08,847 crore in its corresponding period of a year ago. Retail and Agriculture advances have shown growth of 7% and 10% respectively.
Priority Sector Advance: (Rs. in Crore) Sectoral Advance 31.12.2018 30.09.2019 31.12.2019 % of ANBC
Priority Sector 70,954 72,603 73,583 42.50
Agriculture 32,955 33,832 34,173 19.74
Other Priority Sector 37,999 38,771 39,410 22.76
Investments:
Investment Portfolio stood at Rs 74,504 crore as on Dec 2019 against Rs.80,731 crore during corresponding period of previous year i.e. Dec 2018.
Other Performance Indicators:
Capital Adequacy Ratio (CAR):
The CAR (Basel III) improved from 12.46% as on Dec 2018 to 14.36%as on Dec 2019. The Tier 1 capital has improved from 9.68% as on Dec 2018 to 11.56% as on Dec 2019. The CET improved from 7.65% as on Dec 2018 to 9.51% as on Dec 2019.
Net Interest Margin (NIM)
Domestic NIM improved by 46 bps from 2.80% in Dec 2018 quarter to 3.26% in Dec 2019 quarter. Global NIM improved by 42 bps from 2.48% in Dec 2018 quarter to 2.90% in Dec 2019 quarter.
NPA Management:
The Gross NPA declined to Rs.25,330 crore as at Dec 2019 from Rs.26,185 crore during Dec 2018 and in percentage terms, the Gross NPA ratio declined from 12.54% to 11.33% Y-o-Y.
The Net NPA declined to Rs. 12,514 crore as at Dec 2019 from Rs. 13,211 crore during Dec 2018 and in percentage terms, the Net NPA ratio declined from 6.75% to 5.94% Y-o-Y. (In %) Period Gross NPA Net NPA PCR
Dec-18 12.54 6.75 64.81
Dec-19 11.33 5.94 69.28
Net worth:
The Net worth of the Bank stood at Rs.12,712 crore as on Dec 2019 in comparison to Rs. 10,764 crore as on Dec 2018 and Rs. 12,222 crore as on Sept 2019.
Customer Centric New Initiatives:
To enhance the customer convenience and to promote banking from home & mobile, in revamped version of Mobile Banking app, Bank has enabled 9 Regional Languages in addition to Hindi & English, Enrolment for micro accidental death insurance, micro life insurance and social security pension scheme, NEFT, Debit card pin generation, Issuance of certificate of interest for loan accounts, Issuance of TDS / Form 16 Certificate along with many other facilities. Launched VISA Gold Braille Debit Cards for the visually impaired customers. Launched VISA Business Platinum Debit card for sole proprietorship, partnership and for Private and Public Ltd. companies. In Loan Management System bank has enabled tracking of loan documents for time bound return (15 working days) upon financial closure. For effective monitoring and speedy disposal of deceased claims, portal has been developed and made live. More services have been enabled in Bank Mitra (BC) channel. Bank has adopted Repo rate as External Benchmark and introduced EBLPR to pass on benefits of policy rate cuts to Retail & MSE borrowers.
SyndNivas Senior Scheme – A special housing loan product designed for Sr.Citizens with extended entry age of 70 years and extended exit age of 80 years (or loan tenure of 30 years whichever earlier). SyndNivas Super gain (CASA) is a unique scheme where a Housing Loan Account (Term Loan) will be linked to Savings Account, and in the linked Saving Account, Housing Loan Borrower can deposit surplus money as an advance payment and withdraw the surplus amount as per his/her needs. SyndBank Prime Home Loan – Under home loans of above Rs.50 lacs certain incentives are given to customers like- 1) Small/Medium Locker facility free of rental for 1 year, subject to availability of the Lockers. 2) Credit card facility with free of charges for 1 year (as per eligibility). 3) Free personalized Cheque book for entire tenure of the Loan. Our SyndKuteer product has been modified to suit LIG & EWS. Synd BEML: Bank has introduced exclusive MSME product for financing machinery from BEML such as earth moving, construction and mining operation equipment. SyndTReDS: Bill discounting facility on the RXIL platform for immediate conversion of trade receivables to liquidity for the MSMEs. SyndMSME Add-on Credit: Additional credit to existing MSME borrowers to meet the temporary liquid mismatch arising out of delayed realization of receivables. Blockchain technology is being used in ATM and procurement. Revamped our website & Internet Banking. SyndInsta is introduced to let out lockers for shorter periods ranging from one day to sixty days to meet the specific requirement of the public who go out on vacation,pilgrimage, official tour etc. Rupay Select Credit Card launched for High Net worth individuals with minimum limit for this card at Rs. 1 lakh with no upper limit. ATM Monitoring Tool – Effective end-to-end real-time monitoring of ATMs, BNAs, Self Service Passbook Printing Kiosk (SSPBPK) and Cheque Deposit Kiosk.
Achievements:
Crossed figure of 1 lakh PPF accounts with an addition of 76,602 PPF accounts registering a growth of 121% over 31.03.2019, as on Nine Months ended on 31.12.2020.
In Q3 there is sequential increase of 148% in APY, 45% in PMJJBY and 41% in PMSBY over Q2.
Bank has launched BalUtsav campaign, a special drive to canvass student’s SB accounts on ‘Children’s Day’ by imparting financial literacy. A total of 26,427 student accounts opened during a short span of ten days.
Launched National Common Mobility Card (NCMC) – Syndicate Bank has become the First Commercial Bank in India to lauch NCMC under Government of India’s “One Nation One Card” program. The card can be utilized for multi purposes ie. Withdrawing money from ATM as well as making contemporary payment systems like Toll payments, Parking charges, Transit operators etc. Awards & Accolades:
The Bank has received “APY Formation Day (FY 2019-20)” award from PFRDA in the Category of Best Performing Public Sector Bank for our outstanding performance in APY enrollments. Best Chief Information Officer award received among Indian Banks along with Hall of Fame CIO 100 award in 2019. Our Bishara Branch (Noida RO) has been awarded with Uttar Pradesh Farmers Producers Organization(FPO) Honour Award 2019-20 from Govt. of Uttar Pradesh.
Bengaluru: City Based CMR Institute of Technology (CMRIT) established yet another incredible milestone by securing top ranks in the 2019 – 2020 BE and Post Graduate Examinations conducted by Visvesvaraya Technological University (VTU), Belagavi. Seven students from different Engineering and Post Graduate streams of CMRIT secured the top 10 ranks in the recently announced university ranks by the VTU.
While Ayesha Banu daughter of Haseena Banu – a house maker, secured first rank in Telecommunication Engineering and won Gold medal, Dhruv Vatsa Mishra son of a retired teacher secured 3rd rank in Information science and Engineering. In addition to this Thejas Manjunath secured 9th rank in Electrical & Computer Engineering and is currently working in Deloitte, while he intends to get into Civil services.
Gold medalist Ayesha Banu who is thankful to her professors who directed her on the right path said, “Hard work and presence of mind is my key to success. Now, that I have secured first rank, I plan to go ahead with my higher studies and do research in the future.”
Dhruv Vatsa Mishra who is already working in a startup company and has his plans for higher studies states that the wonderful exposure and experience he acquired while working on his project helped him secure a job in a startup company.
The rank holders also include Rashmishree Raul (BE -Information Science) -9th rank; Maimunisha NK (MCA) -3rd rank; Mamatha N (M.Tech) -3rd rank; and Chandra Shekhar N (M.Tech) -9th rank.
Congratulating the rank holders and all the students for their remarkable accomplishments, Dr Sanjay Jain -Principal CMRIT, said that the college believes in furnishing the right atmosphere for mentoring the young minds and encouraging the student’s aspirations. “I am extremely happy and proud of the achievements of our students who have put in a lot of effort into reaching this milestone. I am sure every student is well deserved of what they have achieved, and I only hope this encourages others to aim high and will give an opportunity to spread your wings,” said the Principal.
National, 11th February 2020: Another year, another journey of adventure and thrill- this time, with a purpose! Gear up for yet another milestone as India’s longest running reality show is back with its 17th season. With an aim to trigger social impact, OPPOMTV Roadies Revolution co-powered by Castrol Power 1, Alo Frut Juice and Manforce is all set to hunt young and determined individuals who have it in them to be the force of change. Starting 15th February, every Saturday 7PM on MTV, Roadies Revolution will celebrate the undying zeal of a Roadie coupled with their willingness to bring about tangible progress in society.
Led by an epic panel of celebrity leaders- Neha Dhupia, Nikhil Chinapa, Raftaar and Prince Narula, along with host Rannvijay Singha, Roadies Revolution will touch upon several social causes through its journey and encourage contestants to give back to society and work towards its betterment. While Neha Dhupia will be echoing the cause of women’s safety, Raftaar will raise his voice against discrimination, based on caste, creed, religion, gender etc. Climate Change will find a much-needed advocate in Nikhil Chinapa and youth icon Prince Narula will take a stand against the alarming effect of drug abuse. Each of the leaders will champion a social cause close to their heart and create a Revolution, but in the quintessential Roadie way. With a perfect blend of adventure, thrill and a grand comeback with bikes this time, the issues highlighted this season will be reflected in the tasks and challenges performed during the journey.
The bold and the beautiful, Neha Dhupia said, “Roadies is now a benchmark in reality TV. Post 16 successful seasons, we couldn’t be more proud of bringing Roadies Revolution that aims to foster a positive spirit and bring about a change in society. With a new decade, we see the rise of Young India- one that raises a strong voice against injustice and social malice. This time, being a Roadie is not just about being competitive, adventurous and bold, but more so about making a difference through one’s motives and deeds. Roadies Revolution is going to be both special and challenging and we’re all set to kickstart this journey.”
The ultimate youth icon, Rannvijay Singha expressed his excitement for Roadies Revolution, “Bringing the 17th season of a show that has been a defining experience for me is surreal. With powerful themes and innovative concepts, Roadies has continued to stay relevant amongst the audience. This year, Roadies Revolution takes a bigger leap in directing the youngsters to commit themselves for greater good. We are glad to take this phenomenon ahead and hold the baton high to create a change, together with the youth.
Suave and stylish, Nikhil Chinapa said, “Roadies has always introduced concepts that resonate with the youth. With the 17th season, we aim to highlight issues we feel strongly about with the aim of sparking dialogue and igniting social change. Roadies Revolution will be seen in a completely new avatar and together with the contestants, we look forward to make this adventure a memorable one.”
Rap-star Raftaar said, “With every year, we take Roadies a notch higher and bring something new for the audience. Roadies Revolution will move beyond the extremes of physical and mental strength to focus on some of the societal concerns that cripple the nation. This journey will be more strenuous yet a thrilling one, and we’re all set for another exciting experience.”
The Reality King, Prince Narula said, Roadies, for me has always been an overwhelming experience. It is the positive spirit of the show that makes me want to be a part of it, every year. Into the 17th season, Roadies Revolution will redefine adventure with a new theme that will make a difference in people’s lives. I’m super excited to start this journey with my Roadies family and here’s hoping for another successful run.
The auditions for Roadies Revolution saw an overwhelming response with thousands of fans showcasing their zest to be a Roadie! In addition to Delhi, Pune and Chandigarh, Roadies made a comeback to Kolkata after 2 years to hunt youngsters in the city who have it in them to stand out. Celebrating the theme of propelling social good, MTV tied up with Chelsea India and Magic Bus Foundation for a friendly football match in Kolkata to inculcate the need of fitness and sports amongst children. Celebrity leaders Neha Dhupia and Nikhil Chinapa along with Rannvijay Singha also led a troupe of 25 bikers in Pune to echo the cause of road safety before wrapping up the auditions in style.
Every year, Roadies takes the viewers on a breathtaking journey through the scenic landscapes of India. It will be interesting to see where the troop would be headed to this year.
City Today News 
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