ICICI Bank receives mandate to collect donation for PM CARES Fund
April 06, 2020
Mumbai: ICICI Bank today announced that it has been authorised to collect donation for the Prime Minister’s Citizen Assistance and Relief in Emergency Situations (PM CARES) Fund. The fund has been created with the primary objective of dealing with any kind of emergency or distress situation, like posed by the COVID-19 pandemic, and to provide relief to the affected.
The individuals and organisations can conveniently donate to the ‘PM CARES Fund’ account with ICICI Bank through the Bank’s various digital channels including internet banking and RTGS/NEFT. Even non- ICICI Bank customers can contribute to this account through internet banking from their bank accounts. Donations to this fund are exempted under Sec 80(G) and the receipts can be downloaded by the donors from the 'PM CARES' portal after 15-20 days of the donation.
Speaking on receipt of the mandate, Mr. Anup Bagchi, Executive Director, ICICI Bank said, “ICICI Bank is honoured to join hands with Government of India to collect donations for the PM CARES Fund. We are delighted to announce the launch of ICICI Bank account for collection of donation towards this noble cause. We urge all the citizens to donate generously to the fund and help government provide relief to the those who are impacted by the COVID-19 pandemic. The willing contributors can donate through the various digital channels of the Bank.“
|Name of the Account||PM CARES Fund|
|Name of Bank||ICICI Bank Ltd|
To know more on how to contribute/donate to PM CARES Fund, please visit https://www.icicibank.com/pm-cares-fund-donation.page?ITM=nli_cms_hp_static_covid-pm-relief-fund-m
For news and updates, follow us on Twitter at www.twitter.com/ICICIBank
For media queries, write to: email@example.com
About ICICI Bank: ICICI Bank Ltd (BSE: ICICIBANK, NSE: ICICIBANK and NYSE: IBN) is a leading private sector bank in India. The Bank’s consolidated total assets stood at ₹13,04,911 crores at December 31, 2019. ICICI Bank's subsidiaries include India's leading private sector insurance, asset management and securities brokerage companies. It is present across 15 countries, including India.
Certain statements in this release relating to a future period of time (including inter alia concerning our future business plans or growth prospect s) are forward - looking statements intended to qualify for the 'safe harbor' under applicable securities laws including the US Private Securities Litigation Reform Act of 1995. Such forward - looking statements involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward - looking statements. These risks and uncertainties include, but are not limited to statutory and regulatory changes, international economic and business conditions; political or economic instability in the jurisdictions where we have operations, increase in non - performing loans, unanticipated changes in interest rates, foreign exchange rates, equity prices or other rates or prices, our growth and expansion in business, the adequacy of our allowance for credit losses, the actual growth in demand for banking products and services, investment income, cash flow projections, our exposure to market risks, changes in India’s sovereign rating, as well as other risks detailed in the reports fi led by us with the United States Securities and Exchange Commission. Any forward looking statements contained herein are based on assumptions that we believe to be reasonable as of the date of this release. ICICI Bank undertakes no obligation to update forward - looking statements to reflect events or circumstances after the date thereof. Additional risks that could affect our future operating results are more fully described in our filings with the United States Securities and Exchange Commission. These filings are available at www.sec.gov