DBS ASIA HUB 2 SPONSORS 435000 MEALS AS PART OF COVID-19 RELIEF MEASURES THROUGH A DONATION DRIVE

Partners with United Way of Hyderabad to provide grocery kits to marginalized communities and medical equipment to hospitals 

5 May 2020 – DBS Asia Hub 2 (DAH2) announced that it has raised over INR 6.5 Million to date, in support of COVID-19 relief measures. This will be utilized for providing over 435,000 meals and supporting the local hospitals with testing equipment.

In partnership with United Way of Hyderabad, DAH2 organized a donation drive for employees to support hard-hit sections of the society and bolster the Government’s efforts in healthcare delivery. For every donation made by an employee, DAH2 made a matching contribution of double the amount, thereby tripling the impact.    

DAH2 in partnership with United Way of Hyderabad has provided grocery kits and other essentials to about 1500 families affected by the pandemic. Out of these, 300 kits were donated to the Greater Hyderabad Municipal Corporation (GHMC) sanitation workers in the Gachibowli area of Hyderabad. Each kit worth INR 2000 contains essential supplies including groceries and sanitation materials for a family of 5 which will enable them to meet their needs for at least a month, amounting to 435,000 meals.  Part of the donations will be used in funding the rapid testing equipment used for fast testing of fight Covid-19 cases in the state as requested by the Telangana State authorities for the Government hospitals. In response to the evolving situation and with the aim to increase capacity at local hospitals, DAH2 has joined hands for the ‘IT4TS’ campaign. DAH2’s donation will be utilized towards an RNA extractor, which is critical for COVID-19 testing.

The organisation had also donated 15000 masks to health workers and sponsored 2000 meals through the Akshyapatra foundation earlier in March.

Globally, DBS has introduced the ‘DBS Stronger Together’ campaign and committed SGD 10.5 million to help sections of the society that are hard hit by COVID-19 across the region. Through the 'DBS Stronger Together Fund', it will provide about 4.5 million meals and care packs to affected individuals across Singapore, Hong Kong, China, India, Indonesia, and Taiwan.

Alex Woo, CEO, DBS Asia Hub 2 said, “We aim to extend our support to underserved communities that are hard-hit by the pandemic through this initiative. We thank our employees for pledging their support and participating in the donation drive. DBS has been committed towards making valuable contributions to the society and we will continue to join hands in the nation’s fight against COVID-19 through such measures.”

Rekha Srinivasan, CEO, United Way of Hyderabad, said, “We are grateful to DBS Asia Hub 2 and their employees for their generous contribution. This contribution will go a long way in supporting underprivileged families and build community resilience. United Way of Hyderabad is working with the communities at the grassroot to ensure support reaches the needy in these crucial times of Covid-19 spread."

About DBS

Headquartered and listed in Singapore, DBS Group is a leading financial services group in Asia with presence in 18 countries. DBS Group’s “AA-” and “Aa1” credit ratings are among the highest in the world. DBS Bank has been present in India for 25 years, having opened its first office in Mumbai in 1994. 

DBS Bank India Limited is first among the large foreign banks in India to start operating as a wholly owned, locally incorporated subsidiary of a leading global bank. DBS provides the entire range of banking services for large, medium and small enterprises and to individual consumers in India. In 2016, DBS had launched India’s first, mobile-only bank – digibank, which now has over 2.6 million customers. Currently present across 24 cities, the Bank has been expanding its presence across India since converting to a wholly owned subsidiary. The Bank intends to further expand its presence within the existing cities as well as new locations with over 100 customer touchpoints.

Recognised for its global leadership, DBS has been named “World’s Best Bank” by Euromoney, “Global Bank of the Year” by The Banker and “Best Bank in the World” by Global Finance. The bank is at the forefront of leveraging digital technology to shape the future of banking, having been named “World’s Best Digital Bank” by Euromoney. In addition, DBS has been accorded the “Safest Bank in Asia” award by Global Finance for eleven consecutive years from 2009 to 2019.

DBS is committed to building lasting relationships with customers, and positively impacting communities through supporting social enterprises, as it connects customers and markets across Asia. DBS Group’s Foundation works closely with social enterprises across all its key markets in Asia.

About DBS Asia Hub2

DBS Asia Hub 2 (DAH2) is a part of Asia’s foremost financial services group, DBS Group Holdings Limited. DAH2 was established in Hyderabad in 2016 as the second technology hub of DBS Group Holdings Limited. The hub plays a pivotal role in developing one of the largest banking application programming interface (API) platforms in the world. DAH2 supports the bank in strengthening its technological capabilities across regions and delivers best-in-class solutions for customers.

About United Way of Hyderabad

United Way of Hyderabad is an NGO operating in Hyderabad city since 2010. It is part of United Way World Wide, world’s largest privately funded NGO. Serving the needy by providing access to education, health and livelihoods is the primary focus of the organization. Disaster response and environment sustainability are also important focus areas for the organization. In the past, it has carried out relief and rehabilitation work during Kurnool floods, Phailin Cyclone, Hud-Hud Cyclone and Kerala floods.