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Global finance majors rush with Covid aid; Citibank to donate Rs 200 crore


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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