Kochi based Federal Bank to spend Rs 21 crore for CSR activities this
year
20/08/2014 18:24
Kerala-based Federal Bank will be spending about Rs 21 crore this year on its Corporate Social Responsibilities activities, including about Rs 15-18 crore in the state, reported PTI. "The bank will be spending about Rs 21 crore this year Pan India for CSR activities of which about Rs 15 crore to Rs 18 crore would be in Kerala," Bank Managing Director and CEO, Shyam Srinivasan, told reporters here. Last year the bank had spent Rs 10 crore in Kerala for CSR. The Federal Bank Hormis Memorial Foundation Trust has been formed which will be the vehicle for all CSR activities of the bank, as per the media reports. Key areas the trust would focus Pan India this fiscal are developing skills among the youth, providing essential hygiene in schools and caring for children with special needs like learning disabilities, attention disorders, among others, Bank Chairman Prof Abraham Koshy, said.
20/08/2014 18:24
Kerala-based Federal Bank will be spending about Rs 21 crore this year on its Corporate Social Responsibilities activities, including about Rs 15-18 crore in the state, reported PTI. "The bank will be spending about Rs 21 crore this year Pan India for CSR activities of which about Rs 15 crore to Rs 18 crore would be in Kerala," Bank Managing Director and CEO, Shyam Srinivasan, told reporters here. Last year the bank had spent Rs 10 crore in Kerala for CSR. The Federal Bank Hormis Memorial Foundation Trust has been formed which will be the vehicle for all CSR activities of the bank, as per the media reports. Key areas the trust would focus Pan India this fiscal are developing skills among the youth, providing essential hygiene in schools and caring for children with special needs like learning disabilities, attention disorders, among others, Bank Chairman Prof Abraham Koshy, said.
