- Through the MoU, YES BANK will complete installation of water purification systems in all ‘D’ and ‘E’ category railway stations in Maharashtra by FY18
- MoU is part of YES BANK’s partnership with Indian Railways to provide safe and clean drinking water at 1,000 railway stations across India by 2019
- YES BANK has committed to touch 100 million lives by providing access to safe and clean drinking water by 2020
Mumbai, July 3, 2017: YES BANK, India’s fourth largest private sector Bank, has signed a Memorandum of Understanding (MOU) 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.
About YES BANK
YES BANK is a ‘Full Service Commercial Bank’ providing a complete range of products, services and technology driven digital offerings, catering to Retail, MSME as well as corporate clients.
YES BANK operates its Investment banking, Merchant banking & Brokerage businesses through YES SECURITIES and its Mutual Fund business through YES Asset Management (India) Limited, both wholly owned subsidiaries of the Bank. Headquartered in Mumbai, it has a pan-India presence across all 28 states and 8 Union Territories in India including an IBU at GIFT City, and a Representative Office in Abu Dhabi.
For more information, please visit the Bank’s website at http://www.yesbank.in/
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