ICICI Group always partnered the nation - in times of progress and in times of distress. We have highlighted a few initiatives that we took to stand by the nation recently.
The outbreak of the Covid-19 pandemic is an unprecedented global crisis. We are aware of the challenges that this pandemic has brought in for the nation and our fellow citizens. In line with our legacy of standing by the nation in distress, ICICI Group has committed ₹100 crore to support the nation as it fights the pandemic.
The ICICI Group has pledged to directly contribute ₹80 crore to the ‘PM Cares Fund’. ICICI Bank’s contribution amounts to ₹50 crore of the donation. In addition, ICICI Foundation, on behalf of the ICICI Group, is giving protective and medical equipment worth ₹20 crore to state governments, hospitals and local authorities as they relentlessly battle Covid-19. We have contributed various protective equipment such as masks, PPE suits, hand gloves, sanitisers, ventilators, thermal scanners and disinfectant drones in 28 states and six union territories covering more than 500 districts across the country. ICICI Foundation has also reached out to over 6.25 lakh individuals through calls and messages to spread awareness and precautions to be taken during the pandemic. Further, ICICI Bank has deployed ATM vans in various parts of the country to enable residents to withdraw cash conveniently and safely.
In addition, we are assisting the central government, state governments and municipal corporations in their efforts to collect donations digitally. ICICI Bank has received a mandate for collecting contributions towards the ‘PM CARES Fund’. We have also received similar mandates from several state governments and local bodies.
The ICICI Group, including ICICI Foundation, will continue to serve the people who are at the forefront of our fight against the Covid-19 pandemic.
Note: Data in the table above is updated till June 30, 2020.
As a compassionate and responsible corporate citizen, ICICI Bank contributed to help various state governments and local district administrations in their efforts to provide relief and assistance when the states were hit by natural disasters.
In fiscal 2020, we adopted a multi-pronged approach which included direct cash contributions to relief funds in various states, contributions in kind where needed, and even waiving-off of penalties on EMI payments for retail loans.