TTK Prestige champions the Clean Kitchen Promise with SVACHH Deep Lid installation at Carter Road

             ~ This life-size installation places the Svachh promise of cleanliness and everyday ease at the forefront ~

~ Encourages consumers to take a selfie and pledge their commitment to a Svachh lifestyle with #SvachhNoSpillShelter ~

 

Mumbai, July 31, 2025 - TTK Prestige, India’s most trusted kitchen appliances brand, unveiled a life-size replica of its iconic Deep Lid from the Prestige Svachh Pressure Cooker at Mumbai’s Carter Road. Designed to visually mirror the product’s anti-spillage feature, the installation does more than just turn heads. It doubles up as a functional rain shelter, echoing the deep lid’s core purpose of keeping kitchens and now pedestrians clean and dry during downpour.

 

 

This first-of-a-kind installation draws inspiration from the deep lid’s role in the Svachh Pressure Cooker which prevents spills and promotes cleaner kitchens. It reflects the core philosophy of the Svachh range, making everyday life cleaner, simpler and more conscious. It serves as a reminder that cleaning isn’t just a task, but a thoughtful practice that enhances everyday living.

 

The space also invited visitors to take a collective pledge for safer, more hygienic cooking. Visitors are encouraged to share selfies and their pledge on social media using #SvachhNoSpillShelter to amplify the Clean Kitchen Promise. Those who participated will receive vouchers.

 

To amplify the moment, the launch was followed by a live performance by indie band Symphony Rush, whose set brought energy and attention to the site, drawing in families, walkers, and curious onlookers.

 

Ms.Akila Chandrasekar, Sr. General Manager & Head – Marketing, TTK Prestige, shared the journey behind the Svachh deep lid innovation, “At TTK Prestige, we believe that innovation should serve a purpose beyond the product. The SVACHH Deep Lid was developed to solve a real issue in Indian kitchens — the mess and inconvenience caused by spillage during pressure cooking. This installation takes that simple idea — one that has quietly improved daily cooking for millions — and magnifies its impact in a public space. It’s a way for us to show how much thought goes into even the smallest design detail and how those details make everyday lives easier. At a time when attention is hard-won, this initiative allows us to engage people meaningfully, without needing to sell to them. It’s visibility with value, a reflection of the brand we aspire to be: intelligent, purposeful, and deeply rooted in consumer insight.”

The installation will remain open for public viewing at Carter Road for a week.

Knowledge Realty Trust’s Rs 4,800 crore Initial Public Offering to open on Tuesday, August 05, 2025

(L-R) Mr. Quaiser Parvez, (COO, Knowledge Realty Trust), Mr. Shirish Godbole, (Chief Executive Officer, Knowledge Realty Trust)  Mr. Sumit Bhartia, (Managing Director, Blackstone), Mr. Asheesh Mohta, (Senior Managing Director, Blackstone Real Estate) Mr. Bijay Agarwal, (Managing Director, Sattva Group), Mr. Shivam Agarwal, (Board Member, Knowledge Realty Trust), Mr. V Jayasankar, (Managing Director, Kotak Investment Banking) and Mr. ⁠Akhilesh Yadav, (Head – Equity Capital Market - Syndication SBI) at their IPO REIT Press Conference held in Mumbai today.

                     

• Price Band fixed at ₹95 to ₹100 per Unit
• Bid/Issue Opening Date – Tuesday, August 05, 2025 and Bid/Issue Closing Date – Thursday, August 07, 2025
• Anchor Date - The Anchor Investor Bidding Date is one working day prior to bid/offer opening date, being Monday, August 04, 2025
• The minimum bid size is ₹15,000, the minimum investment amount. Bids can be made for a minimum of 150 Units and in multiples of 150 Units thereafter by bidders other than Anchor Investors and Strategic Investors
  
  

Mumbai, July 30, 2025: Knowledge Realty Trust (“REIT”), India’s largest REIT by Gross Asset Value (“GAV”)* and most geographically diverse office REIT upon listing, has fixed the price band for the Issue at ₹95 to ₹100 per Unit.

The Bid/Issue opens Tuesday, August 05, 2025 and closes Thursday, August 07, 2025. The minimum bid size is ₹15,000, the minimum investment amount. Bids can be made for a minimum of 150 Units and in multiples of 150 Units thereafter by bidders other than Anchor Investors and Strategic Investors.

This comprises a fresh issuance of Units up to ₹4,800 crore by the Knowledge Realty Trust (the “Issue”). This Issue is being made through the Book Building Process and in compliance with the Securities and Exchange Board of India (Real Estate Investment Trusts)  Regulations, 2014 (“REIT Regulations”) and the REIT Master Circular dated July 11, 2025, wherein not more than 75% of the Issue (excluding the Strategic Investor portion) shall be available for allocation on a proportionate basis to Institutional Investors and not less than 25% of the Issue (excluding the Strategic Investor portion) shall be available for allocation to Non-Institutional Investors, in accordance with the REIT Regulations.

The Sponsors to the REIT are Sattva Developers Private Limited and BREP Asia SG L&T Holding (NQ) Pte. Ltd. (a portfolio company of Blackstone Funds). Axis Trustee Services Limited is the Trustee and Knowledge Realty Office Management Services Private Limited (formerly known as Trinity Office Management Services Private Limited) is the Manager to the REIT.

Bijay Agarwal, Managing Director, Sattva Group said: “Over thirty years ago, we started Sattva believing India deserved world-class office infrastructure. Knowledge Realty Trust is the culmination of that vision. Our partnership with Blackstone has been transformative—not just in scale, but in demonstrating how the right collaboration can create something truly exceptional while making premium office real estate accessible to all investors.”

 

Asheesh Mohta, Senior Managing Director in Blackstone Real Estate said: We are thrilled to launch Knowledge Realty Trust with our long-standing partner Sattva. Blackstone was an early believer in the sector, starting out in 2011 and has since become the largest owner of office in India. Knowledge Realty Trust is a testament to our conviction in the Indian office market and commitment to introducing compelling opportunities to investors”.

Knowledge Realty Trust is expected to be India’s largest REIT in terms of GAV* and NOI*, upon listing. As of March 31, 2025, the portfolio includes 29 Grade A office properties spanning 46.3 msf, consisting of 37.1 msf of completed area and 9.2 msf of under construction and future development area. The assets are strategically located across six cities (Hyderabad, Mumbai, Bengaluru, Chennai, Gurugram, and GIFT City in Ahmedabad) and leased to a diverse tenant roster comprising large multinational corporations, global capability centers and leading domestic firms.

 

Shirish Godbole, Chief Executive Officer of Knowledge Realty Trust said: "The launch of Knowledge Realty Trust is a significant milestone for India’s office sector. It reflects the operational capabilities and strategic vision of Blackstone and Sattva in building a best-in-class platform tailored to the evolving needs of today’s tenants. We’re excited to enhance India’s growing stature as a global hub for offices and talent."

 

Lead Managers to the Issue are Kotak Mahindra Capital Company Limited, Axis Capital Limited, BofA Securities India Limited, ICICI Securities Limited, IIFL Capital Services Limited (formerly known as IIFL Securities Limited), JM Financial Limited, Morgan Stanley India Company Private Limited and SBI Capital Markets Limited. Registrar to the Issue is Kfin Technologies Limited. The Units are proposed to be listed on BSE Limited and National Stock Exchange of India Limited

*As of March 31, 2025; For the year ended Mar’25

Bank of India has announced its Q1FY26 results, reporting an increase in Net Profit by 32% YoY at Rs.2,252 crore

Notable points:

 

1) Net Profit for Q1FY26 increased by 32% YoY at Rs.2,252 crores

2) Bank's ROA and ROE for Q1FY26 stand at 0.82% and 13.55% respectively

3) Global and Domestic Net Interest Margin (NIM) for Q1FY26 stood at 2.55% and 2.82% respectively

4) Gross NPA ratio at 2.92% improved by 170 bps YoY

5) Net NPA ratio at 0.75% improved by 24 bps YoY

 

---

 

Q1FY26 RESULTS

 

Balance Sheet:

·         Bank’s Global Advances grew by 12.02% with Domestic Advances grew by 11.24% YoY. Bank’s Global Business crossed ₹ 15 Lakh crores.

·         Overseas Advances grew by 16.34% YoY.

·         Retail Advances grew by 20% YoY, MSME Advances grew by 17% YoY followed by Agriculture Advances which grew by 12% YoY.

·         Bank’s Deposits grew by 9.07% YoY with Domestic Deposits grew by 9.62% YoY. CASA Deposits grew by 2.50% YoY and CASA ratio stands at 39.88% as on 30^th June, 2025.

 

Profitability:

·         Operating Profit for Q1FY26 grew by 9% YoY to Rs.4,009 crores.

·         Net Profit for Q1FY26 increased by 32% YoY at ₹2,252 crores.

·         Bank’s ROA and ROE for Q1FY26 stand at 0.82% and 13.55% respectively.

·         Global and Domestic Net Interest Margin (NIM) for Q1FY26 stood at 2.55% and 2.82% respectively.

·         Yield on Advances (Global) for Q1FY26 stood at 8.01% and Cost of Deposits (Global) stood at 4.85% for Q1FY26.

 

Asset Quality:

·         Gross NPA ratio at 2.92% improved by 170 bps YoY.

·         Net NPA ratio at 0.75% improved by 24 bps YoY.

·         PCR improved by 83 bps YoY and stands at 92.94%.

·         Slippage Ratio improved by 2 bps YoY and stands at 0.33%.

·         Credit Cost improves by 17 bps YoY to 0.68%.

 

Capital Adequacy:

·         Capital Adequacy Ratio (CRAR) as at the end of Q1FY26 stands at 17.39%.

 

Alternate Channels:

·         1 Crore plus customers on-boarded so far through Mobile Banking App “BOI Mobile Omni Neo Bank”.

 

·         Share of Digital transactions in total transactions increased from ~94.2% in Q1FY25 to ~95.4% in Q1FY26.

 

 

Key Summary of Q1FY26 Results

 

₹ in Crores	Jun-24	Mar-25	Jun-25	YoY %
Balance Sheet
Business Mix	13,64,660	14,82,589	15,06,142	10.37%
Advances (Global)	6,00,264	6,66,047	6,72,444	12.02%
Overseas	92,095	1,02,497	1,07,147	16.34%
Domestic	5,08,169	5,63,550	5,65,297	11.24%
- RAM Advances	2,81,118	3,22,676	3,28,048	16.69%
- RAM Share (%)	55.32	57.26	58.03
Deposits (Global)	7,64,396	8,16,541	8,33,698	9.07%
Overseas	1,16,479	1,16,243	1,23,421	5.96%
Domestic	6,47,917	7,00,298	7,10,277	9.62%
Domestic CASA	2,74,973	2,80,316	2,81,846	2.50%
CASA Ratio (%)	42.68	40.29	39.88	-280 bps
GNPA	27,716	21,749	19,640	-29.14%
NNPA	5,702	5,358	4,950	-13.19%

 

₹ in Crores	Q1FY25	Q4FY25	Q1FY26	YoY %
Profit & Loss
Interest Income	16,938	18,323	18,352	8.35%
Interest Expenses	10,663	12,260	12,284	15.20%
Net Interest Income	6,275	6,063	6,068	-3.29%
Non-Interest Income	1,302	3,428	2,166	66.37%
Operating Expenses	3,900	4,605	4,224	8.29%
Operating Profit	3,677	4,885	4,009	9.03%
Net Profit	1,703	2,626	2,252	32.27%
NIM, % (Global)	3.07	2.61	2.55	- 52 bps

 

Ratios (%)	Q1FY25	Q4FY25	Q1FY26	YoY (bps)
Asset Quality
GNPA	4.62	3.27	2.92	-170
NNPA	0.99	0.82	0.75	-24
PCR	92.11	92.39	92.94	83
Slippage Ratio	0.35	0.32	0.33	-2
Credit Cost	0.85	0.84	0.68	-17
Capital Ratios
CET-1 ratio	13.62	14.84	14.52	90
Tier-1 ratio	14.29	15.47	15.15	86
CRAR	16.18	17.77	17.39	121