STOCK MARKET BSE NSE

Credit Suisse gives USD 1 million in COVID medical aid

The funds will be utilised to procure critical medical supplies, oxygen concentrators, and ICU equipment in Mumbai, Pune, New Delhi and Bengaluru, the Swiss brokerage said in a note on Monday.

Published: 17th May 2021 04:10 PM  |   Last Updated: 17th May 2021 04:10 PM   |  A+A-

A COVID-19 patient undergoes treatment at Shehnai Banquet Hall isolation centre, in New Delhi

A COVID-19 patient undergoes treatment at Shehnai Banquet Hall isolation centre, in New Delhi. (Photo | PTI)

By PTI

MUMBAI: Credit Suisse has extended USD 1 million (Rs 7.5 crore) to two non-profits to procure emergency drugs and other medical equipment in major cities to support India's fight against COVID-19 that has killed nearly 2.75 lakh people and infected about 2.5 crore so far.

The funds will be utilised to procure critical medical supplies, oxygen concentrators, and ICU equipment in Mumbai, Pune, New Delhi and Bengaluru, the Swiss brokerage said in a note on Monday.

Last year, Credit Suisse had given Rs 4.5 crore (USD 6,00,000) grant to Concern India Foundation and United Way Mumbai to procure essential equipment at seven hospitals in Mumbai and Pune.

The bank has also raised an additional Rs 2.8 crore through internal staff fundraising for GiveIndia''s COVID response fund.

The fresh funding will be extended to the Concern India Foundation and GiveIndia Foundation to procure critical medical supplies, as well as oxygen and ICU equipment for the COVID hospitals in Mumbai, Pune, Delhi, and Bengaluru.

Credit Suisse has also launched a fundraising appeal among its staff to raise money for GiveIndia''s COVID response fund, which will then be matched by the bank through a separate donation. The campaign has already raised over Rs 2.8 crore (USD 3,70,000) so far.

We are deeply concerned and anguished by the impact of the second wave of the pandemic in India. We stand in solidarity with everyone in the country during these extremely difficult times. This support is our small effort, alongside the notable endeavours of the rest of India Inc, Mickey Doshi, Credit Suisse India chief executive said.



Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp