WR-Yes Bank signs MOU to provide Safe & Clean Drinking Water in 360 Category D & E Stations as part of CSR Initiatives

MUMBAI: Yes Bank, India’s fourth largest private sector Bank, has signed a Memorandum of Understanding with Western Railway to provide access to safe and clean drinking water in 360 ‘D’ and ‘E’ category railway stations across Maharashtra, Gujarat and Madhya Pradesh, as part of its flagship CSR intervention, ‘Livelihood and Water Security’. Yes Bank will be installing water purification systems across stations in the Mumbai Central, Vadodara, Ahmedabad, Ratlam, Rajkot and Bhavnagar divisions.

The MoU, is part of Yes Bank’s partnership with Indian Railways, to provide safe and clean drinking water at 1,000 ‘D’ and ‘E’ category railway stations across India by 2019, and will help Yes Bank cover all such stations in Maharashtra by the end of FY17-18. In the last two years, the Bank in partnership with Konkan Railway and Central Railway has setup water purification systems across 276 ‘D’ and ‘E’ category railway stations in Maharashtra and Goa.

Yes Bank’s ‘Livelihood and Water Security’ intervention (since inception in 2014) has provided access to safe and clean drinking water to more than 50 million beneficiaries. In FY14-15, the Bank deployed over 9,000 household water purification systems with the help of NGO partners in Raigad, Pune, Kolhapur, Satara and Sangli in Maharashtra. In FY15-16, the Bank installed 150 community water purification systems at key locations including government schools, government hospitals, orphanages, old-age homes and local communities. The Bank also provided 1,558, household water purification systems in Raigad. The Bank has also installed water ATMs (a unique concept adopted by the Bank to serve clean drinking water), in and around the Jhuggi Jhopri (JJ) clusters of Delhi, with the help of the Delhi Jal Board, to provide safe and purified drinking water to underserved communities at an affordable price.

Sharing her thoughts on the signing of the MoU, Ms. Namita Vikas, Group President & Global Head, Climate Strategy & Responsible Banking, Yes Bank Ltd, said, “Yes Bank is proud to partner Western Railway in expanding the reach of its ‘Livelihood and Water Security’ initiative in Maharashtra, Gujarat and Madhya Pradesh, taking us a step closer in achieving our commitment of touching 100 million lives by providing access to safe and clean drinking water, by 2020, and enabling us to contribute to global SDGs.”

For the water purification system, Yes Bank has partnered with a social start-up which uses an innovative, membrane-based water purification technology that purifies water in an eco-friendly manner with zero electricity, zero chemicals and zero wastage.

On the occasion of World Water Day, Yes Bank, India’s fifth largest private sector bank, announced that it has installed water purification systems, in partnership with Central Railway, in 192 category ‘D’ and ‘E’ railway stations in Pune, Solapur, Bhusawal and Nagpur divisions in Maharashtra as part of its flagship CSR intervention, ‘Livelihood and Water Security’. The initiative is part of Yes Bank’s joint commitment with Indian Railways, to provide safe and clean drinking water at 1,000 ‘D’ and ‘E’ category railway stations, across India by 2019. In FY16, Yes Bankinstalled over 84 water purifications systems at railway stations across the Konkan belt, Raigad and other locations in Maharashtra.

Over the last two years, through its ‘Livelihood and Water Security’ CSR intervention, Yes Bank has provided access to safe & clean drinking water to more than 13 million Indians. In addition to installing water purification systems at railway stations, Yes Bank has also installed 150 community water purification systems at key locations. The Bank has also partnered with the Delhi Jal Board for installing water ATMs (a unique concept adopted by the bank to serve clean drinking water), in and around the Jhuggi Jhopri (JJ) clusters of Delhi, to provide safe and purified drinking water to underserved communities at an affordable price.

Speaking on the initiative, Ms. Namita Vikas, Group President & Global Head, Climate Strategy & Responsible Banking, Yes Bank Ltd, said, “Yes Bank recognizes that access to safe and clean drinking water is a vital unmet need in certain regions in our country. Through its partnership with Central Railway and the resulting deeper penetration into Maharashtra, Yes Bank is one step closer to achieving its commitment of touching 100 million lives by providing access to safe and clean drinking water by 2020 and contributing to global Sustainable Development Goals.”

For the water purification system, Yes Bank has partnered with a social start-up which uses an innovative, membrane-based water purification technology that purifies water in an eco-friendly manner with zero electricity, zero chemicals and zero wastage. The filters are made using food grade material.

Shares of Yes Bank LTD. was last trading in BSE at Rs.1485.3 as compared to the previous close of Rs. 1493.35. The total number of shares traded during the day was 154970 in over 4626 trades.

The stock hit an intraday high of Rs. 1512.95 and intraday low of 1482. The net turnover during the day was Rs. 231975921.

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