HDFC Bank announces results for quarter ended September 30, 2020

Oct 17, 2020 by Gouri Achary 0 Comments #2020, #HDFC Bank, #HDFC Bankresults for quarter ended September 30

The Board of Directors of HDFC Bank Limited approved the Bank’s (Indian GAAP) results for the quarter and half year ended September 30, 2020, at their meeting held in Mumbai on Saturday, October 17, 2020. The accounts have been subjected to an audit by the statutory auditors of the Bank.

STANDALONE FINANCIAL RESULTS:

Profit & Loss Account: Quarter ended September 30, 2020

The Bank’s net revenues (net interest income plus other income) grew to ₹ 21,868.8 crore for the quarter ended September 30, 2020 from ₹ 19,103.8 for the quarter ended September 30, 2019. Net interest income (interest earned less interest expended) for the quarter ended September 30, 2020 grew by 16.7% to ₹ 15,776.4 crore from ₹ 13,515.0 crore for the quarter ended September 30, 2019, driven by asset growth of 21.5%, and a core net interest margin for the quarter of 4.1%. The Bank’s continued focus on deposits helped in the maintenance of a healthy liquidity coverage ratio at 153%, well above the regulatory requirement.

Other income (non-interest revenue) at ₹ 6,092.5 crore was 27.9% of the net revenues for the quarter ended September 30, 2020 as against ₹ 5,588.7 crore in the corresponding quarter ended September 30, 2019. The four components of other income for the quarter ended September 30, 2020 were fees & commissions of ₹ 3,940.3 crore (₹ 4,054.5 crore in the corresponding quarter of the previous year), foreign exchange & derivatives revenue of ₹ 560.4 crore (₹ 551.7 crore for the corresponding quarter of the previous year), gain on sale / revaluation of investments of ₹ 1,016.2 crore (gain of ₹ 480.7 crore in the corresponding quarter of the previous year) and miscellaneous income, including recoveries, of ₹ 575.6 crore (₹ 502.0 crore for the corresponding quarter of the previous year).

While the previous quarter largely bore the brunt of the COVID-19 pandemic, some of the softness continued into the current quarter leading to lower retail loan origination, use of debit and credit cards by customers, efficiency in collection efforts and waivers of certain fees. As a result, fees/other income were lower by approximately ₹ 800 crore. However, the loan and card momentum has improved over the previous quarter, thereby reducing the gap to less than half.

Operating expenses for the quarter ended September 30, 2020 were ₹ 8,055.1 crore, an increase of 8.8% over ₹ 7,405.7 crore during the corresponding quarter of the previous year. The cost-to-income ratio for the quarter was at 36.8% as against 38.8% for the corresponding quarter ended September 30, 2019. Growth in operating expenses was relatively moderate, as a result of lower loan origination and sales volumes.

Pre-provision Operating Profit (PPOP) at ₹ 13,813.8 crore grew by 18.1% over the corresponding quarter of the previous year.

Provisions and contingencies for the quarter ended September 30, 2020 were ₹ 3,703.5 crore (consisting of specific loan loss provisions of ₹ 1,240.6 crore and general and other provisions of ₹ 2,462.9 crore) as against ₹ 2,700.7 crore (consisting of specific loan loss provisions of ₹ 2,041.3 crore and general and other provisions of ₹ 659.3 crore) for the quarter ended September 30, 2019. Total provisions for the current quarter includes contingent provisions of approximately ₹ 2,300 crore for proforma NPA as described in the asset quality section below as well as additional contingent provisions to make the balance sheet more resilient.

The reported Specific Credit Cost ratio was 0.47%. This Core Credit Cost ratio on a proforma basis (refer Asset Quality section) was 0.91%, as compared to 1.08% in the quarter ending June 30, 2020 and 0.90% in the quarter ending September 30, 2019.

Profit before tax (PBT) for the quarter ended September 30, 2020 was at ₹ 10,110.3 crore. After providing ₹ 2,597.2 crore for taxation, the Bank earned a net profit of ₹ 7,513.1 crore, an increase of 18.4% over the quarter ended September 30, 2019.

Balance Sheet: As of September 30, 2020

Total balance sheet size as of September 30, 2020 was ₹ 1,609,428 crore as against ₹1,325,072 crore as of September 30, 2019, a growth of 21.5%.

Total deposits as of September 30, 2020 were ₹ 1,229,310 crore, an increase of 20.3% over September 30, 2019. CASA deposits grew by 27.5% with savings account deposits at ₹ 348,432 crore and current account deposits at ₹ 163,019 crore. Time deposits were at ₹ 717,859 crore, an increase of 15.7% over the previous year, resulting in CASA deposits comprising 41.6% of total deposits as of September 30, 2020. As mentioned above, the Bank’s continued focus on deposits helped in the maintenance of a healthy liquidity coverage ratio at 153%, well above the regulatory requirement.

Total advances as of September 30, 2020 were ₹ 1,038,335 crore, an increase of 15.8% over September 30, 2019. Domestic advances grew by 15.4% over September 30, 2019. As per regulatory [Basel 2] segment classification, domestic retail loans grew by 5.3% and domestic wholesale loans grew by 26.5%. The domestic loan mix as per Basel 2 classification between retail:wholesale was 48:52. Overseas advances constituted 3% of total advances.

Half Year ended September 30, 2020

For the half year ended September 30, 2020, the Bank earned a total income of ₹ 70,522.7 crore as against ₹ 66,116.8 crore in the corresponding period of the previous year. Net revenues (net interest income plus other income) for the half year ended September 30, 2020 were ₹ 41,609.6 crore, as against ₹ 37,368.3 crore for the half year ended September 30, 2019. Net profit for the half year ended September 30, 2020 was ₹ 14,171.7 crore, up by 19.0% over the corresponding half year ended September 30, 2019.

Capital Adequacy:

The Bank’s total Capital Adequacy Ratio (CAR) as per Basel III guidelines was at 19.1% as on September 30, 2020 (17.5% as on September 30, 2019) as against a regulatory requirement of 11.075% which includes Capital Conservation Buffer of 1.875%, and an additional requirement of 0.20% on account of the Bank being identified as a Domestic Systemically Important Bank (D-SIB). Tier 1 CAR was at 17.7% as of September 30, 2020 compared to 16.2% as of September 30, 2019. Common Equity Tier 1 Capital ratio was at 17.0% as of September 30, 2020. Risk- weighted Assets were at ₹ 1,037,483 crore (as against ₹ 963,321 crore as at September 30, 2019).

NETWORK

As of September 30, 2020, the Bank’s distribution network was at 5,430 branches and 15,292 ATMs / Cash Deposit & Withdrawal Machines (CDMs) across 2,848 cities / towns as against 5,133 branches and 13,952 ATMs / CDMs across 2,768 cities / towns as of September 30, 2019. 50% of our branches are in semi-urban and rural areas. In addition, we have 12,141 business correspondents, of which 99% are manned by Common Service Centres (CSC) as against 181 business correspondents as of September 30, 2019. Number of employees were at 117,082 as of September 30, 2020

(as against 111,208 as of September 30, 2019).

ASSET QUALITY

The Gross and Net non-performing assets were at 1.08% of gross advances and 0.17% of net advances as on September 30, 2020 respectively.

The Honourable Supreme Court of India, in a public interest litigation (Gajendra Sharma Vs Union of India & Anr), vide an interim order dated September 03, 2020, directed that accounts which were not declared NPA till August 31, 2020 shall not be declared as such until further orders. Pursuant to the said interim order, accounts that would have otherwise been classified as NPA have not been and will not be, classified as NPA till such time that the Honourable Supreme Court rules finally on the matter.

However, if the Bank had classified borrower accounts as NPA after August 31, 2020 and also adopted an early recognition of NPA using its analytical models (proforma approach), the proforma Gross NPA ratio would have been 1.37% as on September 30, 2020, as against 1.36% as on June 30, 2020 and 1.38% as on September 30, 2019.The Bank’s proforma Net NPA ratio would have been 0.35%. Pending disposal of the case, the Bank, as a matter of prudence, has made a contingent provision in respect of these accounts.

The Bank also continues to hold provisions as on September 30, 2020 against the potential impact of COVID-19 based on the information available at this point in time and the same are in excess of the RBI prescribed norms.

The Bank held floating provisions of ₹ 1,451 crore and contingent provisions of ₹ 6,304 crore as on September 30, 2020. Total provisions (comprising specific, floating,

contingent and general provisions) were 195% of the reported Gross NPAs or 154% of proforma Gross NPAs as on September 30, 2020.

SUBSIDIARIES

The Bank’s subsidiary companies prepare their financial results in accordance with the notified Indian Accounting Standards (‘Ind-AS’). The Bank for the purposes of its statutory compliance prepares and presents its financial results under Indian GAAP. Hence the Bank’s subsidiary companies, for the purposes of the consolidated financial results of the Bank, prepare ‘fit-for-consolidation information’ based on the recognition and measurement principles as per Indian GAAP. The financial numbers of the Bank’s subsidiary companies mentioned herein below are in accordance with Indian GAAP.

HDFC Securities Limited (HSL) is amongst the leading retail broking firms in India. As on September 30, 2020, the Bank held 96.5% stake in HSL.

For the quarter ended September 30, 2020, HSL’s total income was ₹ 341.4 crore as against ₹ 189.3 crore for the quarter ended September 30, 2019. Profit after tax for the quarter was ₹ 167.1 crore, as against ₹ 91.0 crore for the quarter ended September 30, 2019.

As on September 30, 2020, HSL had 235 branches across 161 cities / towns in the country.

HDB Financial Services Limited (HDBFSL) is a non-deposit taking non-banking finance company (‘NBFC’) offering wide range of loans and asset finance products to individuals, emerging businesses and micro enterprises. As on September 30, 2020, the Bank held 95.3% stake in HDBFSL.

The total loan book grew by 2.3% to ₹ 57,014 crore as on September 30, 2020 as against ₹ 55,759 crore as of September 30, 2019. During the quarter HDBFSL increased its liquidity buffers, with Liquidity Coverage Ratio now at a healthy 214%, well above the regulatory requirement.

For the quarter ended September 30, 2020, HDBFSL’s net interest income was at ₹ 924.2 crore as against ₹ 971.1 crore in the previous quarter. Profit after tax for the quarter ended September 30, 2020 was ₹ 29.9 crore compared to ₹ 213.0 crore in the previous quarter.

As on September 30, 2020, Gross and Net NPA were 4.3% of gross advances and 3.1% of net advances respectively.

Total CAR was at 19.6% with Tier-I CAR at 14.6%. As on September 30, 2020, HDBFSL had 1,342 branches across 986 cities / towns.

CONSOLIDATED FINANCIAL RESULTS

The consolidated net profit for the quarter ended September 30, 2020, was ₹ 7,703 crore, up 16.0%, over the quarter ended September 30, 2019. Consolidated advances grew by 14.9% from ₹ 947,440 crore as on September 30, 2019 to ₹ 1,088,948 crore as on September 30, 2020.

The consolidated net profit for the half-year ended September 30, 2020, was ₹ 14,630 crore, up 18.8%, over the half-year ended September 30, 2019.

Note:

₹ = Indian Rupees 1 crore = 10 million

All figures and ratios are in accordance with Indian GAAP unless otherwise specified.

Education

Public Policy Expert Hail NEP, 2020 for Deploying Technology across Education at IIHMR Webinar

Aug 25, 2020 by Gouri Achary 0 Comments #2020, #Education, #IIHMR Webinar, #National Education Policy, #National Educational Technology Forum (NETF), #NEP, #Public Policy, #Technology

Jaipur: IIHMR University organized an online seminar on intellectual capacity building and faculty development program where Prof. Rajendra Pratap Gupta, a leading public policy expert, opined that the National Education Policy, 2020 prioritizes the health of the students by focusing on happiness, wellbeing and holistic development, and commended the policy for deploying technology across education.

“The National Education Policy, 2020, encourages students to think critically and foster creativity and innovation by focusing on design thinking and problem-solving. Vocational skill and coding will become part of the curriculum, and the subjects’ choice is given a priority. It also recognizes teachers who have a novel approach to delivering knowledge. The policy targets one higher education institution (HEI) in every district by 2030 and National Educational Technology Forum (NETF) will help in deploying technology across education with the help of big data / ML / AI / 3D / 7D / AR / VR / Gaming simulation,” said Prof. Rajendra Pratap Gupta, a former advisor to the Ministry of Health and Family Welfare (MoHFW), Government of India.

Prof. Gupta said that NEP, 2020 takes the focus off from an annual exam-focused assessment and allows two attempts. Besides, the policy promotes a holistic report card, self-appraisal, and aptitude assessment, introduced with 360-degree assessment testing for each learner. Some of the ‘out of the box’ suggestions include random sampling of students for continuous self-disclosure and flexibility of teachers to move vertically and choose pedagogy.

Prof. Rajendra Pratap Gupta is a leading public policy expert and has contributed to policymaking for over a decade. Prof. Gupta has served as CEO / COO at Fortune 20 & Fortune 500 companies in India and was nominated to the Global Agenda Council of the World Economic Forum. He is a member of the global guidelines development group at the World Health Organization (WHO), Global Steering Committee of Global Digital Health Index, Chairman – Personal Connected Health Alliance (India).

IIHMR University has been organizing such online seminars/webinars in the past as well. This is a part of the Faculty Development Program for the intellectual capital enhancement.

News

Adani Ahmedabad Marathon 4th edition goes virtual with app-based remote running

Aug 11, 2020 by Gouri Achary 0 Comments ##Run4OurSoldiers, #2020, #Adani Ahmedabad Marathon (AAM), #albeit in a virtual format., #Norrie Williamson, #scheduled date of November 29

The fourth edition of the Adani Ahmedabad Marathon (AAM) will take place on its scheduled date of November 29, 2020, albeit in a virtual format.

Given the disruptions caused by the COVID outbreak, the event synonymous as the #Run4OurSoldiers would be conducted through remote running with GPS tracking participants.

Much like its earlier editions, 100% proceeds from the registrations would be donated for the welfare of the Indian Armed Forces.

Renowned international athlete and coach, Norrie Williamson has been appointed the Race Director for AAM 2020 which is now among the top-4 marathons in India having catered to more than 30,000 runners over the past three years.

Considering runners’ anxiety about the first-time virtual experience, AAM would conduct two build-up virtual events at the end of September and October respectively to motivate runners in their preparations for the marathon day experience. Given the risks around COVID -19 particularly to people with obesity, diabetes, and hypertension, these 5km and 10km trial runs would not just help runners get in better shape but educate them for precautions to be taken against the pandemic.

With registrations set to open on August 15th, 2020, aspiring participants will get detailed information about the event on the website www.ahmedabadmarathon.com and through various social media platforms. Race categories for the final virtual event on the Adani Ahmedabad Marathon weekend which is the last Sunday of November every year are aligned to earlier editions with Full Marathon, Half Marathon, 10Km and 5 Km fun run.

Organizers will also share extensive guidelines on health and safety and participants will be required to follow precautionary measures taken by respective state governments in view of COVID19.

While winners will be bestowed with medals and certified recognition, all participants of the races will get T-shirts and certificates of completion. Registrations for participants in the armed forces would continue to be free.

“The COVID19 crisis has reemphasized the need to build a healthy nation. Running is one of the best ways to boost our physical and mental health and bolsters our immunity. We have therefore leveraged a technology-led leap by moving the platform into virtual space thereby ensuring people’s safety and staying committed to the Adani Group’s vision of contributing towards the welfare of the Indian Armed Forces. Nothing can stop our #Run4OurSoldiers,” said, Pranav Adani, MD – Agro, Oil & Gas

“The race app and post-event results have numerous features that will allow runners to plan and monitor their performance during and after the virtual events. It will allow each runner to have a completely new perspective on their performances in the virtual events. From the very first event it will be possible for runners to choose to get some coaching and training advice towards their second virtual race and then on to the Adani Marathon distances on the weekend of 29 November”, said Race Director Norrie Williamson

He added, “This is about giving the runner the best possible experience over a three month period to race day and providing mechanisms that will result in pre-race motivation, real-time race experience and meaningful comparisons of performance and post-race recognition and celebration.”

Business World

Ahead of Independence Day, TCL announces offers on a wide range of QLED TVs till August 19, 2020

Aug 10, 2020 by Gouri Achary 0 Comments #2020, #August 06 to August 19, #Global Top-2 TV Corporation TCL, #Independence Day, #QLED TVs for the same price of 4K Smart TV, #TCL India Country Manager Mr. Mike Chen

India, August 10, 2020: On the event of Independence Day, Global Top-2 TV Corporation TCL is offering QLED TVs for the same price of 4K Smart TV, giving customers a chance to take their TV-viewing experience up a notch. The offers will be available between August 06 to August 19, 2020.

The discounts will apply to the following products:

TCL 55” C715: The futuristic TCL C715 comes with Dolby Vision and Atmos, hands-free voice-enabled controls, and Quantum Dot which offers augmented vibrancy of images. The device also comes with an IPQ engine powered by AI to offer a rich viewing experience. The device is now priced at INR 52,990, after a discount of INR 3000.

TCL 65” P8 Series: Elegantly designed, the TCL 65 inches P8 series is an Android-powered smart TV with the 4K Ultra HD feature for a stellar viewing experience. The ultra HD display uses dynamic tone mapping to reflect each frame resulting in enhanced picture quality. The device also contains a Sports Mode that provides the immersive feeling of live-action sporting events. The 4K UHD TV is now available at a discounted price of INR 53,990, after its original price of 55,990.

TCL S6500 Series HD AI Smart TV (32”): Powered by Android, the TCL S6500 comes with Google Assistant, Netflix, YouTube, and HDR that delivers impeccable picture contrast and brings the images to life with vivid colours. Originally priced at INR 12,990, the 32 inches smart device is now available for INR 12,490.

TCL S6500 Series FHD AI Smart TV (43”): The TCL 43 inches S6500 takes the viewing experience one step further than the 32 inches with its FHD feature that gives the viewer clarity that is 2X higher than standard HD TVs. Like the 32 inches, this also comes with Netflix, Google Assistant, and is fitted with Dolby Audio systems and powered by Android. The smart device was initially priced at INR 22,990, and is now available at a discount of INR 2000, and is available for 20,990.

Speaking on the offers, TCL India Country Manager Mr Mike Chen said, “We are delighted to announce these offers on the event of Independence Day. Our televisions are designed with novel technologies and are built for the future. Now, viewers can upgrade their devices for more affordable prices and enjoy a stunning television experience. We will be announcing more such offers soon.”

TCL has enjoyed a successful run in the Indian market, having recently celebrated its 4th anniversary.

News

Freedom from Infertility – Free Virtual Infertility Screening Camp at Oasis Fertility, Dilsukhnagar, from 8th to 15th August!

Aug 6, 2020 by Gouri Achary 0 Comments #‘Free Virtual Infertility Screening Camp’, #2020, #Clinical Lead and Fertility Specialist, #Dilsukhnagar, #Dilsukhnagar centre, #Dr Sreevani, #from August 8th to 15th, #Oasis Fertility

Hyderabad, 6th August 2020: Oasis Fertility, Dilsukhnagar centre, is hosting a ‘Free Virtual Infertility Screening Camp’ as part of its 5th-anniversary celebration and to commemorate India’s Independence Day, from August 8th to 15th, 2020. As part of this, patients will be screened online and only those needing personalized counselling and care will be advised to visit the Centre. All such patients visiting the Center will be treated as per the safety protocols set under ICMR guideline. Patients wanting to avail the services of the free camp may register by calling 7337328877.

The prevailing COVID 19 conditions have led to a serious dilemma for the patients needing infertility care, says Dr Sreevani, Clinical Lead and Fertility Specialist, Oasis Fertility, Dilsukhnagar. The patients are apprehensive to venture out and visit the hospital for seeking Doctor’s consultation. On the other hand, the prospective parents are fast running out of time in their attempt to have a child. The window of opportunity for becoming parents diminishes significantly as the couple cross the age of 30, the chances of a female patient getting pregnant declines by 0.3% every month and the deterioration is a steep 2% with a delay of 6 months. Considering the patients’ discomfort to visit the hospital, Oasis Fertility is conducting Free Virtual Infertility Screening Camp to help them to lose no further time due to COVID 19, she adds.

Infertility is a serious health issue worldwide, affecting approximately 8% to 10% of couples worldwide. Out of 80 to 100 million couples suffering from infertility every year worldwide, probably between 25 and 28 million (25%) are in India alone. According to a report by the World Health Organization (WHO), one in every four couples in developing countries is affected by infertility. The magnitude of the problem calls for urgent action, particularly when the majority of cases of infertility is avoidable.

Business World

5 Innovations to Witness At COVID19 Essential Expo India 2020

Aug 5, 2020 by Gouri Achary 0 Comments #2020, #3D stalls or immersive virtual spaces, #country’s first virtual tradeshow titled, #COVID-19 Essentials Expo India between August 5th-7th, #TradeIndia, #various SMEs and MSMEs

As several small and medium industries have been adversely impacted by the ongoing COVID-19 contagion in the country, the business community is roping in all efforts to stabilize the situation and rejuvenate the ailing economy. In a bid to transform the black swan COVID-19 pandemic into a lucrative business opportunity, TradeIndia, India’s largest B2B marketplace offering global buyers and sellers a reliable platform to identify trustworthy business partners, shall be organizing the country’s first virtual tradeshow titled, COVID-19 Essentials Expo India between August 5th-7th,2020 and will be conducted via the virtual medium.

The event will be targeted towards reviving the various SMEs and MSMEs of the country whose operations have been affected due to the COVID-19 pandemic. The tradeshow will feature 3D stalls or immersive virtual spaces that enable attendees to sift through the various product lineups, access business catalogues while interacting with exhibitors via chat or video conference. Featuring more than 60 booths and with an experience spanning over 20 years in online marketing space and event promotion, TradeIndia enjoys the largest industry database in the country that holds countless prospective visitors and investors for one’s brand. The essential range of products that will be central to the trade show are Surgical dressing and Disposable; Personal safety equipment; Personal care products; Common medicines and drugs; Temperature instruments; Medical, diagnostic & hospital supplies; Home cleaning appliances and more.

Here are 5 not to miss innovations to amaze you at the COVID19 Essential Expo India 2020:

JARVIS- Staqu Technologies Pvt. Ltd. – Utilizing the AI prowess, Staqu Technologies Pvt. Ltd. has developed a product, JARVIS that automates the whole process of monitoring the workplaces and ensuring that everybody is following these guidelines to minimize the spread of infections. JARVIS has proven to be one of the best Artificial Intelligence-based customizable Video Analytics Engine with state-of-the-art facial recognition technology and intelligent monitoring of objects, crowds, perimeters, and vehicles. This product utilizes, existing CCTV cameras and gives real-time alerts in case a person inside the premises is violating any of the norms. And the best part is that it doesn’t require any human interaction. JARVIS can help you with: Face Mask Identification, Social Distancing Check, Fever Identification (FR), Contact tracing, Hygiene Check, Video Wall with Real-Time Alerts, and more.

UV and Delivery Disinfection Robots- Janyu Technologies Pvt. Ltd.

UV disinfection technologies can play a role in a multiple barrier approach to reduce the transmission of the virus causing COVID-19, SARS-CoV-2. UV Disinfection Trolley can effectively clean up hospital spaces to combat COVID-19. The UV-C irradiation with a peak intensity at 254 nm has been a proven technology for disinfecting air, water, and instruments for over a century. UV-C JUGNU from JanyuTech is powered by UV-C lamps. UV-C JUGNU has a WiFi connection with a camera to get live Audio-Visuals of the path to the control station and interact along with the travel, announcing various messages. The Robot has a power selection option to increase the intensity of the UV system. Obstruction sensing is provided at the front and back for effective driving.

Testing Kits, Ivermectin Products, Antibacterial Soaps – Safecon Lifesciences – Based in excise free zone in Uttarakhand, Safecon Lifesciences is engaged in researching, manufacturing, and marketing all types of Injection, Bolus, internal & external Liquid, Powders, external powders & Shampoo for pets, etc. Their range of Medicare products is highly demanded in various government hospitals, private hospitals, dispensaries, etc. The Ivermectin salt and tablets are the Ivermectin products that customers can buy from them. These are prescribed for the treatment of parasitic infections of eyes, skin, and intestinal tract. The brand has also launched testing kits which are quite efficient to use. Products like Corosafe soap is an antibacterial soap developed and supplied by our company. Everyone can use this soap just like normal bath soap to fight germs and body odour. Safecon Lifesciences has marked its prominence in Indian markets, by providing top-notch quality of products.

N-95 and 3Ply Mask Making Machines- BFW Kothari Group BFW was born in 1961 to realize the dream of a young economy that was on the cusp of industrialization. Ever since they have been at the heart of manufacturing. They have supported the growth of the Indian industry by creating the machine tools vital for industries, across verticals – from plastic buckets to aerospace projects. The N-95 and the 3 Ply Mask Making Machines are fully automatic, UV sterilized, and high speed. BFW developed High-Quality Automatic Mask Making Machines for high volume production of high-quality masks under the BFW Health product platform. Developed in Made-In-India Technology. These innovative products invented for the healthcare ecosystem in true spirit and full support of ‘Aatma nirbhar Bharat’.

100% Cotton coverall with antimicrobial- Kinsey Knitt International – Kinsey Knitt International’s 100% cotton washable reusable coverall is made out of coconut technology. The fabric is treated with Antimicrobial to fight against Virus, Bacteria, Fungus, Mould, and Dustmite. The coverall is treated with Splashproof technology so blood and other liquid particles can not penetrate in. This kit contains 10 components to safeguard the Covid-19 warriors with three things kept in mind. Safety – treated with safe antimicrobial; Comfort – Cotton gives comfort and Eco-friendly – A bio-degradable product. The antimicrobial we use in this Coverall is a semi-organic, food-grade, biodegradable product that kills the virus by its mechanical action. This doesn’t only filter the virus but it kills the virus which comes in contact. The virus killing time is less than a minute. And it has a virus killing efficiency of more than 99.95%. This Kit contains washable and reusable Masks, Goggles, face shield, Hand gloves, socks, shoe cover, hand towel, and a cotton antimicrobial treated bag to carry the worn products back. This coverall can be washed and reused up to 20 times.

Tag: 2020