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YES Bank commits Rs 250 cr for livelihood

yes bank Jan_2016_021144010Yes Bank, under its corporate social responsibility initiatives, will spend Rs 250 crore towards livelihood and water security and environment sustainability over four years. The fund would be spend on these key focus areas by 2020 through its focused and intensified CSR actions, the bank said in a statement. YES Bank MD Rana Kapoor said the bank has approved a 5-year plan instead of looking at socio-economic interventions on a limited, yearly basis. H e said the bank remains committed to touching 10 crore lives by 2020 by providing access to safe and clean drinking water, and mobilising $5 billion towards climate finance in India. Kapoor said the bank has committed to achieve target funding of 5000 mw of clean energy and gradually increase percentage of renewable energy in its power portfolio. He said the bank has also partnered with the Railways to provide safe and clean drinking water at 1000 stations by 2019.

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