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Karur Vysya Bank donates Rs. 1.00 crore to the Tamil Nadu State Disaster Management Authority from its CSR funds

Posted On: 2021-05-18 13:02:04 (Time Zone: UTC)


Karur Vysya Bank donated a sum of Rupees One Crore from its CSR Funds to the Tamil Nadu State Disaster Management Authority. The DD for the amount was handed over to Thiru V Senthil Balaji, Hon'ble Minister of Electricity, Prohibition & Excise, Government of Tamil Nadu by Thiru B Ramesh Babu, Managing Director and CEO of Karur Vysya Bank at Karur today. Thiru M K Venkatesan, Thiru A K Praburaj and Thiru R Ramkumar, Directors of the Bank, and Thiru J Natarajan, President & COO of the Bank were present.

Karur Vysya Bank has been extending its support to the efforts of the State administration in its fight to combat the COVID-19 pandemic. 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."

Shares of KARUR VYSYA BANK LTD. was last trading in BSE at Rs.57.75 as compared to the previous close of Rs. 58.7. The total number of shares traded during the day was 119958 in over 1060 trades.

The stock hit an intraday high of Rs. 59.8 and intraday low of 57.1. The net turnover during the day was Rs. 6988607.


Source: Equity Bulls

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