The New Avatar of Bank of Baroda to Focus on Retail, SME Lending

Public-sector lender Bank of Baroda in its new 'Avatar' will be taking a leaf out of Bengaluru-headquartered erstwhile Vijaya Bank’s policy of focusing on retail and SME lending, after the merger of the three public sector banks.

Public sector lenders – Vijaya Bank and Dena Bank – ceased to exist in the Indian banking space on Monday as they were merged with BoB to create India’s second largest public sector bank in terms of customer base. The merged entity has over 120 million customers across the country.

“We will be completely focusing on the retail and MSME loans,” said Birendra Kumar, general manager of Bank of Baroda talking to the media in Bengaluru on Monday.

As of date, the combined entity has an exposure worth Rs 2.1 lakh crore in the form of the retail loans – Rs 31,000 crore lesser than the Rs 2.41 lakh crore exposure to the corporate loans.

Vijaya Bank’s retail and priority lending portfolio, before the merger, stood at Rs 64,211 crore (a whopping 48.41% of their total loan portfolio), of which Rs 42,516 crore was exposed to retail lending. The bank’s emphasis on retail loans helped it guide through the turbulent phase among the Indian PSBs as the bank was the best performing public sector lender. The bank’s net NPA ratio, as on December 2018, stood at 4.08%.

With the merger, the customers of erstwhile Dena Bank, which was under Prompt Corrective Action (PCA), will also get access to lending facilities, as the combined entity is having a capital adequacy ratio of 12.61% -- far above the 9% benchmark set by the Reserve Bank of India for bringing in any bank under the prompt corrective action (PCA) norms. The PCA norms restrict banks from giving large ticket loans to the borrowers.

The capital adequacy ratio, under the Basel III norms, is required to be at 8%. However, as per RBI norms, Indian scheduled commercial banks are required to maintain a CAR of 9% while Indian public sector banks are emphasised to maintain a CAR of 12%. Prior to the merger, Dena Bank’s capital adequacy ratio stood at 10.21% by December end.

Finacle Software 

On the technology front, he said all the three banks were using Infosys' Finacle software and so is easy to integrate all the branches. The process is on and will take about 12-18 months to complete, he said.

Employees

The merged bank, which will be having close to 9,500 branches and 85,000 employees, as of date, will be rationalising its branches in the coming quarters – by way of consolidation and branch closure. All the bank's unions have agreed to the merger and bank officials said that no employee would be laid off post-merger. 

Mission Shakti: India Becomes 4th Nation to Add Anti-Satellite Weapon to Arsenal

India has become the fourth nation in the world after United States, China and Russia to demonstrate anti-satellite missile capability by shooting down a satellite. In a special address to the nation, Prime Minister Narendra Modi described it as a rare achievement that puts the country in an exclusive club of space superpowers.

“In the journey of every nation there are moments that bring utmost pride and have a historic impact on generations to come. One such moment is today,” he said in a broadcast to the nation on television, radio and social media. “India has successfully tested the Anti-Satellite (ASAT) Missile. Congratulations to everyone on the success of #MissionShakti,” the Prime Minister tweeted later

According to reports, the target was a decommissioned Indian satellite which was eliminated within three minutes. The anti-satellite (A-SAT) weapon was launched at 11:16 am.

Mission Shakti, which was led by the Defence Research and Development Organisation, was aimed at strengthening India’s overall security, Modi said in his address that came a fortnight before the start of the Lok Sabha election.

The last time Modi had addressed the nation was November 8, 2016 when he announced the demonetisation of high-value currency notes. While PM was supposed to start his address at 11:45, it was delayed by over half an hour, triggering panic and speculation about what the announcement could be.

Congratulating members of the Defence Research and Development Organisation (DRDO), scientists and officials, Modi said the mission was an important step towards securing India’s safety, economic growth and technological advancement. The capability was not against any country and India was against arms race in space, he added.

The scale and timing of the announcements, a fortnight before the first phase of polling, triggered a political slugfest with the opposition parties threatening to approach the Election Commission.

Samajwadi Party chief Akhilesh Yadav accused Modi of giving himself an hour of free TV and diverting nation’s attention away from issues on the ground “by pointing to the sky”.

Mocking the PM, Congress chief Rahul Gandhi reminded Twitterati that Modi’s announcement coincides with World Theatre Day. “Well done DRDO, extremely proud of your work. I would also like to wish the PM a very happy World Theatre Day,” he said on Twitter.

Lauding scientists at ISRO and DRDO, West Bengal Chief Minister Mamata Banerjee accused Modi of trying to steal credit from them. Terming it a gross violation of the model code of conduct, Banerjee said there was “no great urgency” of announcing the mission by a government “past its expiry date” and asserted that it seems to be the “desperate oxygen to save the imminent sinking of the BJP boat”.

The BJP rejected all the criticism, with finance minister Arun Jaitley dubbed the Opposition’s objection to the timing of announcement by Modi as “clerical”.

Jaitley said, “India’s nuclear programme is a continuing programme…It can’t be put to a halt because it does not suit the West Bengal chief minister or any other political leader. It will run 365 days, election or not.”

Amid reports that ISRO had the capability of launching an anti-satellite weapon since 2012, BJP chief Amit Shah said, “The truth is, our proficient scientists always had the talent and capability, all that was needed was the go-ahead from the government. UPA did not have the courage to back its institutions and people, NDA under PM Modi has shown the conviction to do so.”

ISRO Successfully Launches EMISAT and 28 International Satellites

Space agency ISRO successfully launched the electronic intelligence satellite EMISAT along with 28 nano satellites of global customers from Sriharikota today. ... This is the 71st launch vehicle mission for Sriharikota. Prime Minister Narendra Modi congratulated ISRO scientists for the successful launch of EMISAT.

India’s Polar Satellite Launch Vehicle (PSLV-C45) today successfully launched EMISAT and 28 international customer satellites from Satish Dhawan Space Centre (SDSC) SHAR in Sriharikota. This flight marked the first mission of PSLV-QL, a new variant of PSLV with four strap-on motors.

PSLV-C45 lifted off at 9:27 Hrs (IST) from the Second Launch Pad and injected India’s EMISAT into a 748 km sun-synchronous polar orbit, 17 minutes and 12 seconds after lift-off. After separation, the two solar arrays of EMISAT were deployed automatically and the ISRO Telemetry Tracking and Command Network at Bengaluru assumed control of the satellite. In the coming days, the satellite will be brought to its final operational configuration.

Following the separation of EMISAT, the vehicle’s fourth stage engines were restarted twice to place the 28 international customer satellites precisely into a sun-synchronous orbit of 504 km height. The last customer satellite was placed into its designated orbit 1 hour and 55 minutes after lift-off.

About 3 hours after lift-off, the fourth stage (PS4) of the vehicle was moved to a lower circular orbit of 485 km after two restarts to establish it as an orbital platform for carrying out experiments with its three payloads.

EMISAT is a satellite built around ISRO’s Mini Satellite-2 bus weighing about 436 kg. The satellite is intended for electromagnetic spectrum measurement.

The 28 international customer satellites, together weighing about 220 kg, are from four countries, namely, Lithuania (2), Spain (1), Switzerland (1) and USA (24). These foreign satellites were launched as part of commercial arrangements.

The payloads carried by PS4 are Automatic Identification System from ISRO, Automatic Packet Repeating System from AMSAT, India and Advanced Retarding Potential Analyzer for ionospheric studies from Indian Institute of Space Science and Technology.

ISRO Chairman Dr K Sivan congratulated the launch vehicle and satellite teams involved in the mission.

 “Today’s PSLV mission was unique in several ways. It was a four strap-on new variant, the vehicle achieved three different orbits and for the first the PS4 stage is powered by solar panels,” Dr Sivan said. He added that a new PSLV team executed today’s mission.

Dr Sivan also placed on record the significant involvement of the industry in this mission.

So far, PSLV has launched 46 national satellites, 10 satellites built by students from Indian Universities and 297 international customer satellites, including the satellites launched today. 

In its next mission, PSLV-C46 will launch RISAT-2B in May 2019.

Indian IT Services: 4QFY19 Preview: Some Strength, Some Sluggishness

We expect a steady quarter with strong growth from Infosys, TCS and HCLT and muted growth for Wipro and Tech Mahindra. Benefit from strong deal flow and increasing digital deal sizes will be offset to some extent with slower spending growth in budgets in FY2020. We expect broadly similar industry growth in FY2020E. Profitability will face the test of increasing cost onsite. We expect Infosys, HCLT and Tech Mahindra to grow faster in FY2020E. Stock returns can be muted from here after a strong performance in the past 12 months.

Expect steady growth for key Tier-1 companies

We expect constant currency revenue growth rate at 1.8-2.5% for Infosys, TCS and HCLT. On yoy comparison, revenue growth will be robust 10.8-13.8% for the three companies. Growth will be led by ramp-up of large deals won by companies over the past two quarters. All companies reported strong deal flow in the December 2018 quarter. Tech Mahindra will likely report muted numbers due to seasonal weakness in retail and a slower manufacturing vertical. Wipro will likely report modest 1.5% sequential revenue growth. Revenue growth for mid-tier companies will be muted on sequential basis when compared to the trend same time last year. We note that March is a seasonally weak quarter for IT companies. Depreciation of GBP against USD will likely create cross-currency tailwind of 0-60 bps for our coverage universe.

EBIT margin—multiple headwinds for different companies

Despite currency depreciation, EBIT margin for three of the five Tier-1 companies will be flat or decline on yoy comparison. Infosys, Tech Mahindra and Wipro will report marginal sequential decline in EBIT margin. On sequential basis, EBIT margin will decline marginally due to 1.9% appreciation of the INR against USD and talent constraint-led increase in cost structure in the US. Profitability performance will be a key focus area.

FY2020E revenue growth guidance—8-10% revenue growth for Infosys and 14-16% for HCLT

We expect healthy revenue growth guidance of 8-10% for Infosys in FY2020E. This would imply revenue CQGR of 1.7-2.4% in four quarters of FY2020E. Strong revenue growth outlook will be courtesy large deal momentum, increase in win rates, investments in S&M and gains in a few consolidation decisions. We note that our guidance expectation includes a small component of inorganic element. Infosys’ intent is to defend 22-24% EBIT margin band though that will be tested against the reality of margin headwinds and a weak FY2019 exit trajectory. We believe that Infosys’ EBIT margin will be closer to 22% in FY2020E. We expect HCLT to guide for 7-9% organic c/c revenue growth rate, 8.5-10.5% including inorganic component but excluding IBM’s product acquisitions and 14-16% including IBM’s product business acquisition assuming it gets consolidated from July 2019. We expect the company to retain 19.5-20.5% EBIT margin guidance band. Despite a weak quarter, TM is unlikely to change FY2020E growth outlook.

Demand from the banking vertical will be a focus area

Banking is the largest vertical for IT companies. At a broader level, spending growth in the vertical will be slower than CY2018. We believe that IT spending will be muted in the capital markets segments, especially in Europe. We expect steady spending in the traditional banking segment in North America though there may be spending caution from a couple of large clients. Growth for individual player will be a function of exposure to sub-segments of the banking vertical and share gains/losses in consolidation decisions. We expect slower growth from this vertical for the industry in FY2020E.

Profitability dynamics will be another key focus area

Challenges in renewal of visas combined with tightening of conditions for new visas come at a time when the unemployment rates are at a record low. Even as IT companies have stepped up local hiring, the fact is that talent is not easily available at the mid-level. This will lead to increase in cost structure in the US. The increase in cost structure was already visible in December 2018 quarter where subcontracting costs increased for Infosys and TCS. Some amount of rupee depreciation is necessary to offset the cost increase.

Attractiveness of the sector has reduced post strong performance

The IT sector has performed well in the past 12 months on the back of currency tailwinds and demand acceleration. Many stocks are trading at peak cycle multiple and bake in elevated revenue growth and sustenance of profitability. This leaves little on the table to generate returns. We expect muted stock returns. HCLT’s stock price underperformance and strong deal momentum make it an attractive play. We retain ADD rating on the stock. Tech Mahindra theme has more legs, likely weak 4QFY19 notwithstanding. The stock trades at inexpensive valuations. We maintain ADD rating. Infosys has near-term earnings risk. The turnaround has progressed well with likely return to top quartile of performance on growth. We like the Infosys story but would wait for a better entry price.

Comments on individual companies

* Infosys. We expect constant currency revenue growth of 1.9% and cross-currency tailwind of 30 bps. 3Q is a seasonally weak quarter, yet we expect robust growth powered by large deal ramp-up in telecom and other verticals. On profitability we expect EBIT margin to decline further due to costs associated with large deal ramp-up, retention bonuses and investments to accelerate growth. We note that 3QFY19 margin had a one-off impact of 40 bps from declassification of Panaya and Skava from assets held for sale. Progress on catch-up with competition on digital competencies will be keenly tracked. The company has made solid progress in large deal signings and seems to be taking steps in turning around the consulting business through high-profile hires from competition. We expect Infosys to guide for 8-10% revenue growth in constant currency for FY2020E. Infosys has intent to defend EBIT margin band of 22-24% though this will be tested against the backdrop of a poor exit margin of 22%. We believe that Infosys' EBIT margin could decline by 100 bps in FY2020E. Finally we expect investor focus on (1) TCV of deal wins that has started looking up, (2) attrition rate direction where the company has made a number of interventions to bring it down, (3) progress in service lines where the company trails competition, viz. BPO and IMS and (4) pricing outlook, especially in light of fears that the company has focused on growth at any cost approach.

* TCS. We expect constant currency (c/c) revenue growth of 1.8% and cross-currency tailwind of 60 bps. We expect stable margins; impact of rupee appreciation will be offset by tightening of operations. Net profit growth is an impressive 22% led by acceleration in growth and currency tailwind. We have not assumed any Fx gain in the quarter as compared to Rs4.59 bn in December 2018 quarter resulting in a sequential net profit decline. TCS has large exposure to the banking vertical. Outcome of the budgeting process and consequent impact on spending will be a key focus area. We expect investor focus on (1) outcome of budgeting process, especially in financial services, (2) pipeline of large deals, (3) whether the company can deliver double-digit growth without the support of mega-deals, and (4) EBIT margin outlook against the backdrop of talent constraint in the US.

* Wipro. We expect constant currency revenue growth rate of 1.5% and cross-currency tailwind of 40 bps. Financial services growth rate could moderate from the recent quarter growth of 17% yoy. Spending outlook in financial services is a lot more muted than same time last year. We expect EBIT margin decline of 30 bps on sequential basis courtesy rupee appreciation, alignment of entry-level compensation and headwind from insolvency of a telecom client. We expect Wipro to guide to 0.5-2.5% revenue growth for June 2019 quarter. June is a seasonally weak quarter for the company. We expect investor focus on (1) outlook for the key growth driver, viz. financial services vertical, (2) sustainability of margin, (3) state of demand from healthcare vertical, (4) capital allocation and the quantum of buyback and (5) performance of acquired entities.

* HCLT. We expect constant currency revenue growth of 2.5% and cross-currency tailwind of 20 bps. We expect revenue growth to be led by the IMS segment courtesy ramp-up of large deals. We expect EBIT margin to decline by 10 bps courtesy rupee appreciation and elevated investments in the business. We expect the company to guide for 14-16% revenue growth of which will include an inorganic component of 5.4% revenues from the IBM products buyout. Excluding revenues from IBM products but including revenues from other inorganic components, we expect HCLT to guide for 8.5-10.5% revenue growth. We expect HCLT to guide for stable margins in FY2020E. Deal momentum has been extremely strong with announcement of several large and mega deals. We expect front-ended revenue growth. We expect investor focus on (1) capital allocation in light of aggressive product acquisitions, (2) M&A strategy given that the company has started making a few digital acquisitions, (3) efforts to broad-base revenue growth beyond IMS and (4) deflationary impact from renewal of legacy IMS deals.

* Tech Mahindra. We expect constant currency revenue growth of 1% and cross-currency tailwind of 50 bps. Revenue growth will be led by communications vertical. We expect flattish revenues in the enterprise segment on account of lower revenues in retail and high December 2018 quarter base impact in the manufacturing vertical. EBIT margin will decline due to rupee depreciation and spike in depreciation charge. We expect marginal forex gain as compared to forex loss of Rs779 mn in December 2018 quarter. Expect strong TCV of new bookings. TCV will be higher than the usual US$275-325 mn range. We expect investors to focus on (1) demand outlook, especially for telecom vertical and the timelines where 5G deals will start flowing, (2) health of enterprise business, especially in the manufacturing vertical where the company has high exposure to auto sector, (3) attrition trend and (4) M&A strategy and capital allocation.

Bentley Applications Produce Comprehensive Network Model To Help Revitalize Water Distribution for Agra, India

The City of Agra is an International Heritage City and a major tourist destination. It is situated on the banks of the Yamuna River, which is fed perennially by Himalayan glaciers and has been a source of Agra’s drinking water for centuries. However, rapid growth in urbanization and construction of irrigation networks has substantially reduced fresh water inflow into the downstream stretches of the river.

Cities situated along the river, including Delhi, discharge a large quantity of partially treated and untreated sewage and industrial waste into the river throughout the year. The Uttar Pradesh Jal Nigam is a government corporation under the Uttar Pradesh state government that provides statewide water supply services. Realizing the social and economic significance of providing an adequate potable water supply to the populace and to industries, U.P. Jal Nigam initiated an improvement scheme for water supply in Agra City.

The Agra Water Supply System draws water from the Yamuna River to supply the city. It serves about 65 percent of the present population with potable water through a complex water supply system network. The distribution system is considerably old, as evidenced by high Unaccounted for Water (UFW), which is suspected to be mainly caused by physical losses due to the system’s poor condition. The operation of the existing system is considered intermittent supply, running six-to-eight hours per day on average. Using Bentley’s WaterGEMS and STAAD.Pro applications, NJS Engineers India P Limited created and analyzed a comprehensive model of the entire water network. The target outcome was to identify gaps in the current system and to create a forward-looking performance model that would enable U.P. Jal Nigam to predict water supply for decades to come, while moving from an intermittent supply system to a 24x7 system.

Using Bentley’s WaterGEMS and STAAD.Pro applications, the NJS team conducted numerous studies and analyses of the existing and future network upgrades. Creating a real-time, shareable GIS-enabled model of the network, U.P. Jal Nigam’s operations teams can now monitor inventory in real-time, instantly reducing operating and production costs. Through the detailed analysis model, future upgrades to the water network will ensure 100 percent water supply to the region by 2030, 24 hours a day. Studies also found several undersized pipes in the existing network, which can now be prioritized for replacement to ensure the future network is fully capable of meeting the increased demand, while covering 100 percent of Agra City and regional inhabitants. Using the GIS-enabled model into operations will identify problems in the network faster and shorten the time to make decisions on new connections or maintenance via a single collaboration platform. These benefits are in addition to the INR 360 million saved in the design and construction phases of the projects as a result of having more accurate models.

The City of Agra, now celebrating the 350th year of the Taj Mahal, faces a wide range of urban physical and social problems that threaten to irreparably damage its valuable tourist trade as well as the health and welfare of its citizens. The project, when completed, will provide safe and reliable water supply 24x7 in Agra and improve the living conditions of all residents in the concerned areas.

“The measurable or projected results achieved using Bentley technology included reducing the number of large-scale drawings by 35 percent, saving 300 resource hours, and 60 resource months during construction,” said Rohit Dembi, ITES Head at NJS Engineers.

Toyota Kirloskar Motor Registers Growth of 7% in Domestic Sales in FY 18-19 Over FY 17-18

Toyota Kirloskar Motor records a sales growth of 7% in FY 18-19 as compared to FY 17-18. Innova Crysta has registered positive growth in FY 18-19 as compared to FY 17-18.

The recently launched All New Camry Hybrid Electric Vehicle or self charging electric vehicle has been received very well by customers across India. The company has seen a growth of 6 % in Camry Sales in Jan -March 2019 as compared to same period last year.

Commenting on the sales performance, Mr. N. Raja, Deputy Managing Director, Toyota Kirloskar Motor said, “ We are happy to have clocked a growth of 7% in domestic sales in FY 18-19 as compared to FY 17-18. Innova Crysta and Fortuner have been maintaining the growth trajectory and continue to be leaders in the segment.  We are thankful to our loyal customers for their trust and confidence in Toyota products.

All New Camry Hybrid Electric Vehicle or self charging electric vehicle has already crossed 500 bookings since its launch in Jan 2019. We are happy that customers are more aware and are appreciating clean and green eco friendly Hybrid technology. The New Camry Hybrid Electric vehicle or self-charging vehicle has vastly improved in terms of fuel efficiency and emissions

Additionally, Etios Liva has also contributed to the positive sales momentum in FY 18-19 with a growth of 13% as compared to FY 17-18.

However, consumer spending has weakened in the pre election phase and the business sentiments have dampened temporarily. In the month of March 2019 Toyota Kirloskar Motor sold a total of 12818 units in the domestic market in the month of March 2019. The company exported 844 units of the Etios series this month thus clocking a total of 13662 units.  In the month of March 2018, Toyota Kirloskar Motor sold a total of 12,539 units in the domestic market this month of March 2018. The company exported 998 units of the Etios series this month thus clocking a total of 13,537 units.


Wholesales Data   March 2019    March 2018    Growth (Monthly)

Domestic                 12818                     12539               2%

Exports                        844                       998

Total                        13662                    13537

Apr 18-March 2019 domestic sales growth of 7% as compared to Apr 17-March 18

Get Your Hands-On the V15, Priced at Rs 23,990 and Available Across Online and Offlline Channels

vivo, the innovative global smartphone brand, has announced the sale of the much awaited V15 in Frozen Black, Glamour Red and Royal Blue color variants across all offline and online channels.

Like its older sibling, the V15 offers a 32MP pop-up camera offering Ultra FullView Display achieving a 90.95% screen-to-body ratio that eliminates all obstructions to create the ultimate viewing experience. The smartphone also sports a triple rear camera setup with 12MP Dual Pixel Sensor (24 million photosensitive units) + 8MP AI Super Wide-Angle Camera + 5MP Depth Camera. Priced at INR 23,990, the V15 smartphone comes with attractive offers, such as:*

Offline

·         Upto INR 10,000 exchange buyback offer with Bajaj Finserve
·         Zero down payment with Bajaj Finance EMI option for 7 months
·         5% cashback on SBI Credit/Debit cards
·         5% cashback on all credit card down-payment (lowest EMI option of INR 1,599) with HDB
·         Zero down payment for 8 months with IDFC First on paper finance
·         Benefits worth INR 10,000 with Jio

Online

·         INR 2,000 off on exchange on vivo India E-Store, Amazon.in, Flipkart.com and Paytm Mall
·         Additional INR 1,000 loyalty benefit on Flipkart.com and Amazon.in when you exchange your old vivo device
·         Upto 12 months No-Cost-EMI and upto 18 months with 25% upfront payment on select E-commerce platforms

*terms and conditions apply

Raise the bar with Pop-Up Selfie Camera and AI Triple Rear Camera

The V15 comes with an advanced 32 MP pop-up selfie camera which delivers unmatched clarity and a triple rear camera setup with 12MP Dual Pixel Sensor (24 million photosensitive units) + 8MP AI Super Wide-Angle Camera + 5MP Depth Camera. The 8MP AI Super Wide-Angle Camera expands the view to 120 degrees, capturing a better view, from a wider perspective.

Furthermore the V15 comes equipped with powerful, easy to use features such as AI Face Beauty feature that helps add an additional level of detail and finesse to self-portraits.

Ensured immersive view

The V15 comes packed with Ultra FullViewTM display with 16.59cm (6.53) display and 90.95% screen-to-body ratio, eliminating all obstructions to create an ultimate viewing experience. Packed with fifth-generation Corning Gorilla Glass for a vivid and life-like viewing experience, V15 makes the gaming and viewing experience even more immersive and exciting.

Flawless performance

The V15 comes equipped with a Mediatek P70 processor with 6GB RAM and 64GB storage for smoother & seamless multitasking. The smartphone runs on the latest Android 9.0 and Funtouch OS 9 to optimize energy management and deliver a better phone usage experience. This union of powerful specifications helps achieve flawless UI experience, an exceptional gaming experience and hassle-free multitasking. Furthermore, the smartphone houses a 4,000mAh battery and vivo’s Dual-Engine Fast Charging which ensures greater usage and quicker charging time to keep you on the go.

Consumers can purchase V15 in Glamour Red, Frozen Black and Royal Blue color variants on vivo India E-Store, Amazon.in, Flipkart.com, Paytm Mall, Tata CLiQ and all offline channels pan-India.

Specifications

Basics

Processor Mediatek P70
RAM  6GB RAM
Storage 64GB ROM (Supports microSD Card up to 256GB)
Battery 4000 mAh with Dual-Engine Fast Charging
Operating System Funtouch OS 9 (based on Android 9.0)

Body
Dimensions 161.97×75.93×8.54mm                                     
Weight 189.5g

Display
Screen Ultra FullView Display

Size 16.59cm (6.53)

Resolution 1080×2340 FHD+   19.5:9, FHD+

Type  Incell Touch Screen
2.5D glass (GG5, Fifth-generation Corning Gorilla Glass)

Biometric recognition
Fingerprint Scanner

Camera Front:  32MP
Rear:   Rear: 12MP（24 million photosensitive units）+8MP + 5MP

Photography Modes
AI BODY SHAPING, REAR PORTRAIT LIGHTING EFFECTS, AUTO SCENE, LIVE PHOTO, TIME WATERMARK, MODEL WATERMARK, AR STICKERS, FACE BEAUTY FOR VIDEO RECORDING, AI FACE BEAUTY, AI SELFIE LIGHTING, AI FILTERS, AI SCENE RECOGNITION, FACE SHAPING, AI PORTRAIT FRAMING, AI BODY SHAPING, GENDER DETECTION, PPT

REAR: TAKE PHOTO, HDR, PROFESSIONAL, FACE BEAUTY, SLOW, TIME LAPSE, PANARAMA, PDAF, LIVE PHOTOS, FILTERS, PALM CAPTURE, VOICE CONTROL, BOKEH, AI BODY SHAPING, WIDE-ANGLE PHOTO, 60FPS, AI SUPER WIDE-ANGLE CAMERA

FRONT:  TAKE PHOTO, HDR, FACE BEAUTY, PANARAMA,LIVE PHOTO, FILTERS, PALM CAPTURE, VOICE CONTROL, PORTRAIT BOKEH, BOKEH MODE

Pre-Installed Apps Google Services
Play Store, Google, Chrome, Gmail, Map, YouTube, Drive, Play Music, Play Movie & TV, Duo, Photos, Google news

Connectivity USB (USB2.0), Wi-Fi, Bluetooth (Bluetooth 5.0), GPS, OTG

Sensors Fingerprint Scanner,  Accelerometer, Ambient light sensor, Proximity Sensor,  E-compass,  Gyroscope

Items in the box V15, Earphone, Documentation, USB Cable, USB Power Adapter, SIM Ejector, Protective Case, Protective Film (applied)