Standard Chartered Contributes Rs. 1 Crore Towards Flood Relief in Jammu & Kashmir

Standard Chartered Bank (the Bank) today made a contribution of Rs. 1 crore (US$ 166,667) towards relief work for those affected by the floods in Jammu & Kashmir. Mr. Sunil Kaushal, Regional CEO, India & South Asia Standard Chartered Bank, handed over the cheque to representatives from the Indian Red Cross Society in the presence of Shri S.S Mundra, Deputy Governor, Reserve Bank of India.

Standard Chartered Bank has gathered information on the current needs and ongoing relief activities in the impacted areas and has partnered with the Indian Red Cross Society in supporting the provision of large Water Purification Units (WPUs) with the capacity to produce 3,000 litres of drinking water per hour, which will make safe drinking water available to those who were affected by the floods in Jammu & Kashmir. In addition, the Bank will also support the creation of emergency shelter units, promote awareness about hygiene as well as provide non-food relief items to 5,000 families who had been badly affected by this natural disaster. The direct beneficiaries will include the elderly, women and children as they were part of the most affected groups when the disaster struck.

Commenting on this contribution made by Standard Chartered, Shri S.S Mundra, Deputy Governor, Reserve Bank of India said, “It is heartening to see organisations like Standard Chartered come forward and support the relief and rehabilitation work in the aftermath of the floods in Jammu & Kashmir. It is only through concerted efforts and contributions from various individuals and organisations that we can help the people of Jammu & Kashmir in their hour of need. I would like to urge other institutions to follow this example and contribute generously towards such causes.”

Speaking on the occasion, Sunil Kaushal, Regional CEO, India & South Asia, Standard Chartered Bank said: “The scale of the tragedy in Jammu & Kashmir was unprecedented. The natural disaster in Jammu & Kashmir wreaked havoc and left many families bereaved; our thoughts go out to those affected. At Standard Chartered, we are committed towards building a sustainable bank and we keenly support initiatives that are aimed at helping communities. Our vision towards embedding sustainability has ensured that we look beyond philanthropy and actively support and participate in re-establishing communities in the wake of natural disasters. Through this donation, we would like to reiterate our support to those affected by these floods. We hope and pray that our contributions make a difference to the lives of people in the state.”

Notes to Editors:

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