OPINION, P2 SPOTLIGHT No political price yet WORDS WORTH THE SMART SAVERS The digital fence Fintech companies and youth seem to be a match made in heaven, as youngsters increasingly get serious about money, a trend promoted by digital platforms Page 5 ACROSS THE AISLE, P CHIDAMBARAM VOL. XVIII, NO. 21 Excerpts of a book that is a call to make the most of devices instead of a blanket digital detox Page 4 LEISURE Follow us on Twitter & Facebook. App available on App Store & Play Store WWW.FINANCIALEXPRESS.COM CONNECTING WITH CELEBS SUNDAY, JANUARY 23, 2022, 14 PAGES, `10 (NE STATES & ANDAMAN `13) P U B L I S H E D F R O M : A H M E D A B A D , B E N G A L U R U , C H A N D I G A R H , C H E N N A I , OUT OF THE WOODS QuickPicks Aspirational districts ending barriers to progress: Modi PM NARENDRA Modi on Saturday asked district magistrates to work on time-bound targets to increase ease of living for people and asserted that the country's goal today is to achieve 100% saturation of services and facilities. Modi called for a direct and emotional connection between administration and the public to ensure ‘top to bottom’ as well as ‘bottom to top’ governance flow. At the virtual interaction with DMs and some CMs, Modi said the teamwork of Centre, states and local administration was yielding good results in aspirational districts. PAGE 3 Republic Day parade to have 25 tableaux, 17 military bands THIS YEAR'S REPUBLIC Day parade will have 16 marching contingents, 17 military bands and 25 tableaux of various states, departments and armed forces, the Indian Army said in a statement on Saturday. The Army will be represented by a mounted column of cavalry, 14 mechanised columns, six marching contingents and a flypast by advanced light helicopters of its aviation wing at the Republic Day parade, it said. PAGE 14 ODD & EVEN FINANCIAL EXPRESS ON SUNDAY ROHNIT PHORE Telecom biz AGR back on growth path ● July-September revenues of `53,510 cr higher than 2016 figures before Jio’s entry AGR of telecom industry (` cr) 60,000 53,510 53,383 50,000 40,000 30,000 KIRAN RATHEE New Delhi, January 22 20,000 THEWORSTSEEMS tobeoverfor 10,000 0 AprJun 2016 JulySep 2021 L U C K N O W , M U M B A I , N E W INDIA ADDED 3,37,704 new coronavirus infections,taking the total tally of Covid-19 cases to 3,89,03,731, which includes 10,050 cases of the Omicron variant, as per the Union health ministry data updated on Saturday. The active cases have increased to 21,13,365, the highest in 237 days. FE BUREAU Mumbai, January 22 PRIVATE-SECTOR LENDER Continued on Page 12 YES Bank Q3 PAT up 77% P3 Q3FY22 Gross NPA (%) 4.13 25 bps ● Promoters to gift more than 7 lakh shares to artisans, farmers LIFESTYLE RETAIL BRAND Net NPA (%) 0.63 0.85 22 bps All figures in ` cr (except percentages) Source: BSE Continued on Page 12 FabIndia plans `4,000-cr IPO PRESS TRUST OF INDIA New Delhi, January 22 9,912 12,236 23.4 4,939.6 6,193.81 25.4 Net profit 4.38 Change (in %) R-DAY REHEARSAL Punjab tableau artists at a press preview in New Delhi on Saturday, ahead of the Republic Day parade PHOTO: PTI « Q3FY21 Net interest income P U N E Active cases highest in 237 days ICICI Bank Q3 net rises 25% ICICI Bank on Saturday reported a 25.4% year-onyear (y-o-y) rise in standalone net profit to `6,193.81 crore in the December quarter of FY22 on the back of a 23.4% y-o-y rise in net interest income (NII) to `12,236 crore.The net interest margin (NIM) — a key measure of profitability — stood at 3.96%, down four basis points (bps) from 4% in the previous quarter. ICICI Bank’s total advances increased 16% y-oy to `8.14 lakh crore. D E L H I , COVID-19 « Continued on Page 12 K O L K A T A , NII INCREASES « andafterthattherewasadecline for several quarters as Reliance Jiohadenteredthemarket,leading to a tariff war among telcos. The industry started to stabilise in July-September 2019, and sincethentheAGRhasbeenrising continuously, barring the April-June2020quarterwhenit declinedmarginallyduetofreebies offered by telcos to lowincomesubscribers. K O C H I , « thetelecomindustryifonegoes by the trend of adjusted gross revenue (AGR) of telecom operators.AGR has been rising steadily for over the last two and a half years,going up to `53,510 crore in the July-September 2021 quarter,the highest so far.In fact, the last time AGR crossed the`50,000-crorefigurewasin April-June2016,whenitstoodat `53,383crore. RisingAGRisalsoagoodsign for government revenues from the sector as operators pay licence fee at 8% of theirAGR. The AGR declined to `50,539 crore in July-September 2016 READ TO LEAD H Y D E R A B A D , « KOLKATA Online platforms have introduced a new celebrity-fan dynamic Page 7 FabIndia plans to raise up to `4,000 crore through an initial public offer and in a novel approach,the company’s promoters also plan to gift more than 7 lakh shares to artisans and farmers. On Saturday,the company PROPOSED PLAN Company filed Draft Red Herring Prospectus with Sebi on Saturday Offer will include fresh issue of shares worth up to `500 crore Offer For Sale of up to 2,50,50,543 shares filed the Draft Red Herring Prospectus (DRHP) with markets watchdog Sebi for the offer that will include fresh issue of shares worth up to `500 crore. Besides, there will be an Offer For Sale (OFS) of up to 2,50,50,543 shares. Market sources said the Initial Public Offer (IPO) is expected to be worth around `4,000 crore. Continued on Page 12 '' don’t bother for scars any more. '' To get blemish free skin use NO SCARS. 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