Axis Bank extends support to Kerala; commits Rs. 5 crore for relief measures
Bengaluru, Aug 24 (IBNS): Axis Bank, a private bank, has committed Rs. 5 crores towards rehabilitation work in Kerala.
Torrential rains and floods have disrupted normalcy in the state, over the past week.
Rajiv Anand, Executive Director, Axis Bank on Friday handed over a payorder for Rs. 2 crore to the Chief Minister’s Distress Relief Fund. The remaining Rs. 3 crores is proposed to be deployed for various rehabilitation works in the State through bank’s partner NGOs.
Further, with a view to mitigate the hardships faced by the people of Kerala, the bank has also waived off penalty on cheque bounce and delayed payment charges for the month of August 2018. Credit card and other retail loans such as mortgage, car, gold and personal loans fall under this special provision.
Speaking on the initiative by the Bank, Rajiv Anand, said, “We feel privileged to support the people of Kerala in their hour of need. We have 109 branches in the state and have always believed in being an integral part of the communities we serve. We convey our gratitude to all the teams that have come together to provide assistance to the people of Kerala at this most difficult time.”