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Yes Bank signs MoU with Western Railway

04 Jul 2017 Evaluate

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 the 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.

Peers
Company Name CMP
HDFC Bank 705.00
ICICI Bank 1333.00
Axis Bank 1223.95
Kotak Mahindra Bank 416.30
Indusind Bank 882.30
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