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Standard Chartered Contributes Rs. 1 Crore Towards Flood Relief in Jammu & Kashmir

Nov 04, 2014   17:01 IST 
Mumbai, Maharashtra, India

Standard Chartered Bank (the Bank) today made a contribution of Rs. 1 crore (US$ 166,667) towards relief work for those affected by the floods in Jammu & Kashmir. Mr. Sunil Kaushal, Regional CEO, India & South Asia Standard Chartered Bank, handed over the cheque to representatives from the Indian Red Cross Society in the presence of Shri S.S Mundra, Deputy Governor, Reserve Bank of India.

 

Standard Chartered Bank has gathered information on the current needs and ongoing relief activities in the impacted areas and has partnered with the Indian Red Cross Society in supporting the provision of large Water Purification Units (WPUs) with the capacity to produce 3,000 litres of drinking water per hour, which will make safe drinking water available to those who were affected by the floods in Jammu & Kashmir. In addition, the Bank will also support the creation of emergency shelter units, promote awareness about hygiene as well as provide non-food relief items to 5,000 families who had been badly affected by this natural disaster. The direct beneficiaries will include the elderly, women and children as they were part of the most affected groups when the disaster struck.

 

Commenting on this contribution made by Standard Chartered, Shri S.S Mundra, Deputy Governor, Reserve Bank of India said, “It is heartening to see organisations like Standard Chartered come forward and support the relief and rehabilitation work in the aftermath of the floods in Jammu & Kashmir. It is only through concerted efforts and contributions from various individuals and organisations that we can help the people of Jammu & Kashmir in their hour of need. I would like to urge other institutions to follow this example and contribute generously towards such causes.”

 

Speaking on the occasion, Sunil Kaushal, Regional CEO, India & South Asia, Standard Chartered Bank said: “The scale of the tragedy in Jammu & Kashmir was unprecedented. The natural disaster in Jammu & Kashmir wreaked havoc and left many families bereaved; our thoughts go out to those affected. At Standard Chartered, we are committed towards building a sustainable bank and we keenly support initiatives that are aimed at helping communities. Our vision towards embedding sustainability has ensured that we look beyond philanthropy and actively support and participate in re-establishing communities in the wake of natural disasters. Through this donation, we would like to reiterate our support to those affected by these floods. We hope and pray that our contributions make a difference to the lives of people in the state.”

 

Notes to Editors:

Standard Chartered

We are a leading international banking group, with more than 86,000 employees and a 150-year history in some of the world’s most dynamic markets. We bank the people and companies driving investment, trade and the creation of wealth across Asia, Africa and the Middle East, where we earn around 90 per cent of our income and profits. Our heritage and values are expressed in our brand promise, Here for good.

 

Standard Chartered PLC is listed on the London and Hong Kong Stock Exchanges as well as the Bombay and National Stock Exchanges in India.

 

For more information please visit https://www.sc.com. Hear from Standard Chartered’s experts and comment on our blog at ourviews.sc.com. Follow Standard Chartered on Twitter, LinkedIn and Facebook.

 

Standard Chartered Bank in India:

Standard Chartered Bank is India's largest international bank with 99 branches in 42 cities, a combined customer base of around 2 million retail customers and around 2500 corporate and institutional relationships. Key client segments include Corporate & Institutional Clients, Commercial & Private Banking Clients as well as Retail Clients. The various product groups offered include Corporate Finance, Financial Markets, Transaction Banking, Wealth Management as well as Retail Products.

 

For more information, visit https://www.sc.com/in/

 

For further information please contact:

Kunal Pradhan

Head – Media Relations

Standard Chartered Bank

Tel: +91 9819738321

Email: [email protected]


 
 
Mr. Sunil Kaushal handing over a cheque of Rs. 1 crore to Mrs. Homai Modi, Honorary Secretary, Indian Red Cross Society, Maharashtra and Mr. Vijay Singhal, Managing Committee Member, Indian Red Cross Society, Mumbai in the presence of Shri S. S Mundra, De
Mr. Sunil Kaushal handing over a cheque of Rs. 1 crore to Mrs. Homai Modi, Honorary Secretary, Indian Red Cross Society, Maharashtra and Mr. Vijay Singhal, Managing Committee Member, Indian Red Cross Society, Mumbai in the presence of Shri S. S Mundra, De
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