Money & Banking

ICICI Bank aid to armed forces

K.R.Srivats New Delhi | Updated on January 08, 2018 Published on October 09, 2017

Chanda Kochhar hands over cheque for first tranche of Rs 5 cr to Defence Minister Sitharaman

ICICI Bank, the country's largest private sector bank by consolidated assets, on Monday committed financial assistance of Rs 10 crore to the Indian armed forces.

The contribution, payable in two equal tranches this year and next year, will be utilised towards welfare activities and betterment of the families of ex-servicemen, who lost their lives guarding the nation, the bank said in a statement.

Chanda Kochhar, MD & CEO, ICICI Bank, today handed over a cheque for Rs 5 crore to Defence Minister Nirmala Sitharaman at a function in the Raksha Mantralaya.

Speaking on the occasion, Kochhar said, “The Indian Armed Forces bravely guard our borders and protect us. Many of these men have fought valiantly and made the ultimate sacrifice of laying down their lives for our country. While no amount of assistance is enough to fill the loss for the families, this gesture is our humble endeavour to contribute towards their betterment".

"Our assistance will aid the young children and widows of the soldiers to get an education, thereby, enabling them to gain knowledge, get jobs and earn a sustainable livelihood. This is our small contribution to these daughters of the nation and our thoughts and best wishes will always remain with the families,” she added.

Srivats.kr@thehindu.co.in



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Published on October 09, 2017
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