This bank will give 200 crore rupees to India to deal with Corona, now shutting down its business in the country
Citibank (CitiBank) announced a grant of 200 crore rupees to deal with the outbreak of the second wave of Corona infection in the country. In addition to Citibank, Wells Fargo, a US-based company, had 22 crore rupees ($ 3 million), Swiss bank UBS (UBS) 11 million rupees ($ 1.5 million) and Apollo Global Management 7 million rupees. Rupees (10 million dollars) announced as aid. Please tell that Citibank of America is consolidating its business from 13 international markets including India.
With nearly 4 lakh cases of corona infection occurring in the country and 3900 deaths, many countries including global companies and especially companies in the technology sector have announced help to India.
India has an old relationship of more than 100 years
Citibank Asia Region CEO Peter Babbage said, "We have been in India for more than 100 years and this country is home to more than 20,000 of our employees." We are committed to helping India in this hour of health crisis.
Will be spent here
The bank said in a statement that it will provide immediate relief of Rs 75 crore for medical and human needs, whereas in the last financial year, it has helped 75 crore. This amount will be used to supply oxygen, add beds to hospitals, diagnostic testing systems, personal safety kits and other supplies for frontline healthcare workers in India.
He said that the remaining amount would be used for the infrastructure of public and private health services and to provide employable skills to the youth.
American company will give 22 crore rupees
Wells Fargo has also announced a grant of Rs 22 crore to aid relief efforts to combat the corona infection. This amount will be used to increase the capacity of the hospital, supply oxygen concentrations and important medical equipment through non-governmental organizations.
At the same time, Apollo Global Management has also announced a support of 7 million rupees, or $ 1 million, extending the helping hand. In which it will immediately provide thousands of oxygen concentrators and other life-saving medical equipment to fight the corona infection.
In addition, Swiss Bank's UBS Group AG will help $ 1.5 million (Rs 11 crore) in the ongoing relief operations in India. He will contribute to medical supplies.