NEW DELHI: In an effort to contribute to the fight against the pandemic, Silicon Valley Bank (SVB), a subsidiary of SVB Financial Group – a U.S. based innovation economy bank – has come forward with support to COVID-19 relief efforts in India.
Over the last few months, SVB has donated oxygen plants, ventilators, ambulances, lab equipment, thermometers, oximeters and PPE kits to multiple hospitals summing up to over INR 2 Cr.
Hospitals that have been covered in this initiative include Jain Mission Trust Hospital, Rakalakshmi Hospital, Nimhans, St. Marthas Hospital, St. Philomena’s Hospital and Gudalur Tribal Hospital. The team at SVB ensured that supplies were delivered in a timely manner during the height of the pandemic. As supply chains were disrupted everywhere and a surge in caseloads put a strain on the healthcare ecosystem, these contributions were especially critical to keeping the relief efforts going.
Commenting on this initiative, Dimple Martin, Associate Director – Workplaces Services and CSR Lead, India says, “Several hospitals treating Covid-19 patients in the country had been pushed to the edge due to an acute shortage of medical supplies. We tried to support our frontline workers to continue the fight against the Covid-19 virus by providing essential supplies, as and when they needed them. This not only ensured that patients get treated on time but also reduced potential risk to the healthcare workers. Our focus has always been on the well-being of people, and we will continue to support in the timely provision of healthcare equipment in the best manner possible.”
She further adds, “While the hospital initiative is one of the efforts from SVB, the team has also been actively engaged in other relief efforts including mobilizing funds to provide necessary equipment, medication and sanitisation supplies to underprivileged sections of the society.”
SVB has invested over 7.5 Cr, since the start of the pandemic to support community relief efforts which include supporting front liners, meal donations, vaccination efforts, education, animal welfare, among numerous others.
SVB Bengaluru is a Global Delivery Centre (GDC) for Silicon Valley Bank, headquartered in Santa Clara, California. The bank has a 38 year legacy. The GDC in Bengaluru was established in 2018 and enables start-ups across industry domains to help acquire capital and provide them with banking support to help them succeed. The Bengaluru centre serves as a strategic arm to the bank’s operations, including Technology Services, Accounting and Finance, and Global Operations.
SVB employs about 7000 people globally and has a presence in the US, UK, Europe, China, Israel, and India. Premil Dennison is the Country Head and Managing Director for India, where they currently employ 550 people.