Wednesday, 6 May 2020

ICICI Bank stands in solidarity with UP Government to fight COVID-19 pandemic

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May 6, 2020

·         Provides protective equipment to district administrations, municipal corporations and police forces
·         The list includes over 1.8 lakh of three-ply surgical masks, 8,500 litres of sanitisers, over 850 PPE suits and 30 thermal scanners  
Lucknow: ICICI Bank stands in solidarity with the Government of Uttar Pradesh by providing protective equipment to the state government, hospitals and police forces for their tireless efforts to safeguard citizens of the state in the wake of COVID-19 pandemic.
ICICI Bank is working actively with the authorities on this front. The Bank has donated protective equipment like over 1.8 lakh surgical masks, 8,500 litres of sanitisers, over 850 PPE suits and 1,000 kg of bleaching powder to the authorities in Lucknow, Varanasi, Gorakhpur, Kanpur, Gonda, Unnao, Prayagraj among others. The Bank has also provided 30 thermal scanners to the district administration of Varanasi. This initiative is part of the Bank’s nation-wide drive of contributing various protective gears to aid the front-liners to combat the pandemic.
Speaking on the initiative, Mr. Saurabh Singh, Head-Government Banking, ICICI Bank said, “ICICI Group has a legacy of supporting the development of the nation as well as providing support in times of natural calamities and disasters. Taking this legacy forward, we are standing in solidarity with various state governments, police departments and health professionals in their tireless efforts to treat and safeguard citizens of the country in the wake of COVID-19 pandemic. Our support to the various authorities in UP is part of these activities.
The doctors treating the COVID-19 suspects / patients and the police and paramilitary forces managing orderly implementation of the lockdown are at the frontline of this combat. We have focussed our efforts to reach out to the government hospitals and the forces in the state. Despite supply chain challenges, we are providing them supplies in the form of sanitisers, surgical masks, N95 masks, gloves, personal protection equipment, etc. We are also providing equipment like thermal scanners and non-invasive category ventilators.“
The Bank is also facilitating Government of Uttar Pradesh in the digital collection of donations for district level COVID19 Relief Fund Accounts of Saharanpur, Etawah, Ayodhya and Varanasi. The Bank has also supported Lucknow Nagar Nigam and Lucknow Development Authority by contributing food grains to the community kitchens that provides food to the needy people.
Additionally, the Bank deployed a mobile ATM van in Varanasi to enable residents, who are advised to stay home, to withdraw cash conveniently and safely.  The van was inaugurated by Shri. Deepak Agrawal, Divisional Commissioner (IAS), Varanasi.
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About ICICI Bank: ICICI Bank Ltd (BSE: ICICIBANK, NSE: ICICIBANK and NYSE: IBN) is a leading private sector bank in India. The Bank’s consolidated total assets stood at 13,04,911 crores at December 31, 2019. ICICI Bank's subsidiaries include India's leading private sector insurance, asset management and securities brokerage companies. It is present across 15 countries, including India.
Certain statements in this release relating to a future period of time (including inter alia concerning our future business plans or growth prospect s) are forward - looking statements intended to qualify for the 'safe harbor' under applicable securities laws including the US Private Securities Litigation Reform Act of 1995. Such forward - looking statements involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward - looking statements. These risks and uncertainties include, but are not limited to statutory and regulatory changes, international economic and business conditions; political or economic instability in the jurisdictions where we have operations, increase in non - performing loans, unanticipated changes in interest rates, foreign exchange rates, equity prices or other rates or prices, our growth and expansion in business, the adequacy of our allowance for credit losses, the actual growth in demand for banking products and services, investment income, cash flow projections, our exposure to market risks, changes in India’s sovereign rating, as well as other risks detailed in the reports fi led by us with the United States Securities and Exchange Commission. Any forward looking statements contained herein are based on assumptions that we believe to be reasonable as of the date of this release. ICICI Bank undertakes no obligation to update forward - looking statements to reflect events or circumstances after the date thereof. Additional risks that could affect our future operating results are more fully described in our filings with the United States Securities and Exchange Commission. These filings are available at www.sec.gov

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