Karur Vysya Bank donates electric vehicles and RO plants to SVIMS

by Psu Connect
Date: 19-04-23

Karur Vysya Bank has donated five electric vehicles and three RO water plants to the Sri Venkateswara Institute of Medical Sciences, Tirupati.

NEW DELHI- Karur Vysya Bank has donated five electric vehicles and three RO water plants to the Sri Venkateswara Institute of Medical Sciences, Tirupati. The total cost of the project is Rs. 70.73 lakhs and is funded by the Bank as part of its CSR initiatives under environmental sustainability and safe drinking water.

The donation will also fulfill the environment sustainability and climate-related objectives under the Bank’s Environmental, Social, and Governance (ESG) initiatives.

The vehicles and RO plant were handed over by the Bank’s Chairperson, Dr. Meena Hemchandra and MD & CEO, Shri B Ramesh Babu to Smt. Sada Bhargavi, Joint Executive Officer, TTD and Dr. B Vengamma, Director and Vice-Chancellor, SVIMS.

Environmental, Social, and Governance (ESG) practices are increasingly being used as a tool to assess a corporation’s support for an orderly low-carbon transition.

Taking a broader perspective of this, Karur Vysya Bank is implementing projects that involve promoting integrated sustainable model villages.

This effort includes augmenting water resources, strengthening the green cover through urban forestry, promoting green livelihood activities like organic cultivation, vermicomposting, etc., besides green skilling & green enterprises promotion using locally available resources.

About Karur Vysya Bank:

Karur Vysya Bank has touch points in the form of 799 branches and 2233 ATMs & cash recyclers. The bank’s total business was Rs. 141031 crores (Provisional figure) as on 31.03.2023. The bank has posted a three-quarter profit of Rs. 768 cr. during the last financial year.

The Bank has adapted technology to provide a range of services to its customers that include Net Banking, KVB DLite Mobile Banking (that has 100 plus features), and WhatsApp Banking.

The Bank’s processing of its retail and commercial loans is completely digitalized with the process from application to documentation & disbursement being paperless. This also helps to maintain a very robust turnaround time.