Credit Suisse extends Rs 7.5 cr aid to hospitals in India
By IANS |
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Credit Suisse overlooked breaches of regulations for years. Image Source: IANS News
Mumbai, May 17 : As India continues to face the second wave of the Covid-19 pandemic, Credit Suisse has recently committed an additional Rs 7.5 crore ($1 million) in aid to Concern India Foundation and GiveIndia, to provide financial assistance to hospitals in Mumbai, Pune, Delhi and Bangalore.
The financial aid is to be utilized to procure critical medical supplies, as well as oxygen and ICU equipment for the hospitals treating Covid-19 patients.
Credit Suisse has also launched a fundraising appeal among its staff to raise money for GiveIndia s India Covid Response Fund, which will then be matched by the bank through a separate donation. The campaign has already raised more than Rs 2.8 crore ($370,000) of additional support so far.
May 17, 2021
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Fund to be used to procure critical medical supplies, oxygen and ICU equipment for hospitals treating Covid-19 patients
Credit Suisse has committed an additional ₹7.5 crore in aid to Concern India Foundation and GiveIndia, to provide financial assistance to hospitals in Mumbai, Pune, Delhi and Bangalore, to help India in its fight against the Covid-19 pandemic.
The financial aid would be utilised to procure critical medical supplies, oxygen and ICU equipment for the hospitals treating Covid-19 patients, it said in a statement.
Credit Suisse is also raising funds from its staff for GiveIndia’s India Covid Response Fund, which will then be matched by the bank through a separate donation. The campaign has already raised more than ₹2.8 crore of additional support so far.
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