Karur Vysya Bank donates Rs. 1.00 crore to Tamil Nadu State Disaster Management Authority from its CSR funds
Total CSR initiatives of the bank during the second wave of COVID is Rs. 3.29 cr
Chennai: Karur Vysya Bank has been extending its support to the efforts of the State administration in its fight to combat the COVID-19 pandemic. Thiru B Ramesh Babu, Managing Director & CEO of Karur Vysya Bank handed over a demand draft for Rs. 1.00 crore to Thiru V Senthil Balaji, Minister of Electricity, Prohibition & Excise, Government of Tamil Nadu in Karur yesterday.
The bank has donated and installed an oxygen generator unit at the Coimbatore General Hospital. Amount donated is Rs. 15.00 lakhs.
The Bank has already placed orders for supply to 20 nos. oxygen concentrators, 20 nos. of Multiparameter monitors and 100 nos. of Oximeters to the Karur Government Medical College Hospital for use in their COVID-19 critical care centre. The project is being implemented by the bank under its CSR initiative at a budget of Rs. 37.19 lakhs.
The bank has also donated ten ambulances – 2 for use in the plains and 8 for use in hilly regions – to the Government of Tamil Nadu at a cost of Rs. 1.77 crores.
The bank has donated Rs. 3.29 cr. so far during the second wave of COVID-19 under Corporate Social Responsibility.
The bank is also providing support to the Siddha unit of the Karur General Hospital from time to time for procurement of medicines.
Mr. B. Ramesh Babu, Managing Director and CEO of the Bank said, “Karur Vysya Bank is committed to support the initiatives of the Central and State Governments in their fight during this pandemic. Our branches continue to function and our employees determinedly provide service, as always, to our valuable customers during these difficult times.”