CSR: Credit Suisse extends financial aid of additional Rs. 7.5 crores to hospitals in India amidst the second wave of Covid-19
As India continues to face the second wave of the Covid-19 pandemic, Credit Suisse has recently committed an additional Rs. 7.5 crores ($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 crores ($370,000) of additional support so far.
The bank continues to prioritize the health and wellbeing of its staff with ongoing measures that include paid family leave, 24×7 helplines and wellness coaching to ensure that employees are well supported.
Mickey Doshi, CEO India, Credit Suisse, said, “We are deeply concerned and anguished by the impact of the second wave of Covid-19 in India. Our thoughts are with our impacted colleagues and their loved ones, and with our clients and local communities. Credit Suisse stands in solidarity with everyone in the country during these extremely difficult times. The aid to Concern India and GiveIndia should help in procuring critical medical supplies and equipment for hospitals. This support is our small effort, alongside the notable endeavours of the rest of India Inc. as well as the Indian government, towards ensuring that our healthcare ecosystem gets all the help it possibly can during this unprecedented crisis.”
Credit Suisse has been united in its support towards the battle against Covid-19 in India. These initiatives follow the bank’s earlier Rs. 4.5 crores ($600,000) grant to Concern India Foundation and United Way Mumbai in April 2020, for the procurement of essential equipment at seven hospitals in Mumbai and Pune.
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