New Delhi – Bandhan Bank Ltd spent Rs 27.83 crore on Corporate Social Responsibility (CSR), which is 2% of the average net profit of Rs 1391.29 crore during the last three financial years, the annual report of the company says.
The Bank has constituted the CSR Committee of the Board of Directors, in accordance with the provisions of Section 135 of the Act read with the Companies Rules, 2014, as amended.
The CSR initiatives of your Bank are undertaken through Bandhan-Konnagar which is a Society Registered under the West Bengal Societies Registration Act, 1960.
Various programmes run by Bandhan-Konnagar include targeting the hard core poor (THP), education, health, employment generation.
Through the THP programme, assistance is extended to the women who are destitute or below the pyramid section of the society of a designated area where they are brought to the mainstream with support and guidance.
The education programme are run through various pre-primary and primary schools across various areas and assisting them to enter the proper education system.
The heath programme is attributed to development of awareness and provides basic necessary health support, awareness development for improvement of hygiene and guidance. Through the employing the unemployment programme the basic training is given to the youth who find some way to engage themselves either in running entrepreneurship or engaging in the service after completion of their training.
The bank has cumulatively spent Rs 1.57 crore on the programme in FY 2018-19 and covered the states of West Bengal, Odisha and Madhya Pradesh through BandhanKonnagar, the implementing agency.
The CSR Committee comprises of T. S. Raji Gain as Chairperson, Chandra Shekhar Ghosh and Harun Rasid Khan as the other members.