Thanks for that. Makes more sense now, so they meant a total on B/S Asset book of 12,000 cr (10,000 + 20% of off balance sheet) split 50:50. 
So working that math again based on the slide you added –
PAT of approx. 540 Cr by 2025 (4.5% of 12,000) current pat 60 cr. Little under a 10x.
Book Value of approx 3,100 cr. 1,400 current + 600 future raise per your expectation.
They would still need about a 1,100 cr of reserve addition in 2 years. Maybe a little difficult to acheive.
In any case, if they come even 70% close to reaching these numbers it will be nothing short of amazing given that they’re currently trading at 0.5 guided 2025 book value & 3x 2025 earnings.
I agree with you on the asset quality! If they can keep their credit costs under control, this could be one heck of a company 
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