 "Karur Vysya Bank")
Karur Vysya Bank on Wednesday said it has donated Rs 1 crore to the Tamil Nadu State Disaster Management Authority from its CSR funds to fight the current pandemic.
Managing Director and CEO B Ramesh Babu handed over a demand draft to minister of electricity, prohibition and excise, Tamil Nadu government, Senthil Balaji, it said in a release.
The bank has also donated ten ambulances 2 for use in the plains and 8 for use in hilly regions to the Government of Tamil Nadu at a cost of Rs 1.77 crore. The bank has donated Rs 3.29 crore so far during the second wave of COVID-19 under Corporate Social Responsibility, it said.
* * * * * * Zaggle makes a foray into neo-banking space *
Fintech company Zaggle on Wednesday announced its entry into the neo-banking space through its group company ZikZuk.
It will address major challenges faced by SMEs, Zaggle said. The first product that is being launched is the Founders Card a credit card for SME owners under its group company ZikZuk.
The company is aiming to clock in a revenue of Rs 250 cr in the first one year of business, it said in a release.
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