Wells Fargo Responds to India COVID-19 Crisis
Wells Fargo Responds to India COVID-19 Crisis
Company grants $3 million for health care and emergency response
Thursday, May 6, 2021 - 1:00pm
SAN FRANCISCO, May 6, 2021 /3BL Media/ - As part of its response to the ongoing COVID-19-related humanitarian crisis in India, Wells Fargo & Company (NYSE: WFC) is committing more than $3 million through nongovernmental organizations to increase hospital capacity, supply oxygen concentrators and critical medical equipment, provide emergency transportation, and support health care workers. Wells Fargo has several offices in India, and the company has taken steps throughout the pandemic to help ensure the health and safety of its employees in India and globally through remote work and enhanced benefits.
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With India continuing to reel under the second wave of COVID-19 infections, multinational financiers pitched in with relief efforts on Wednesday, led by a Rs 200 crore commitment by Citibank. The relief efforts of the financial sector multinationals a majority of whom depend on Indian personnel to handle back-office work for their global operations were focused on providing immediate medical relief to ease the pressure on oxygen availability and healthcare infrastructure. Other financiers which offered support included Citi s peer from the US Wells Fargo (USD 3 million), Swiss bank UBS (USD 1.5 million) and alternate investment manager Apollo Global Management (USD 1 million).
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›Global finance majors rush with COVID aid; Citi to donate Rs 200 crore, Wells Fargo Rs 22 ore
Global finance majors rush with COVID aid; Citi to donate Rs 200 crore, Wells Fargo Rs 22 ore
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Global finance majors rush with COVID aid; Citi to donate Rs 200 crore, Wells Fargo Rs 22 orePTI
Last Updated: May 05, 2021, 07:43 PM IST
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Other financiers which offered support included Citi s peer from the US Wells Fargo (USD 3 million), Swiss bank UBS (USD 1.5 million) and alternate investment manager Apollo Global Management (USD 1 million).
PTI
With India continuing to reel under the second wave of COVID-19 infections, multinational financiers pitched in with relief efforts on Wednesday, led by a Rs 200 crore commitment by Citibank. The relief efforts of the financial sector multinationals a majority of whom depend on Indian personnel to handle back-office work for their global operations were focused on providing immediate medical relief to ease the press
India
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Karnataka
Hyderabad
Andhra-pradesh
Bengaluru
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Swiss
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Peter-babej
Citi announces addl Rs 200 Cr aid for COVID-19 relief efforts in India, Wells Fargo to donate $3M May 5, 2021
The Rs 200 crore amount will be spent over the next three financial years, and a sum of Rs 75 crore will be allocated towards immediate medical and humanitarian needs, an official statement said. 0 CLAPS
COVID-19 relief measures in India.
The Rs 200 crore amount will be spent over the next three financial years, and a sum of Rs 75 crore will be allocated towards immediate medical and humanitarian needs, an official statement said.
India has been experiencing shortage of oxygen, medical equipment and other health infrastructure amid a sharp rise in Covid cases and a slew of multinational companies have rushed with necessary support.
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