ICICI Bank will provide financial assistant to the tune of Rs 10 crore to the Indian armed forces and the first tranche of the funding was handed over by Chanda Kochhar, MD and CEO of the bank, to Nirmala Seetharaman, union minister for defense recently. The second contribution will be made in 2018. The funding will be utilized for the welfare and betterment of the families of ex-servicemen, who laid down their lives to safeguard the nation. Kochhar said many of these men have valiantly fought and made the ultimate sacrifice of laying down their lives for our country. While no amount of assistance is enough to fill the loss for the families, this gesture is the bank’s humble endeavor to contribute towards their betterment. Kendriya Sainik Board, an apex body of the government of India, which formulates policies for resettlement and welfare of ex-servicemen and their families, will undertake the administration of programs, utilizing the funds.
