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ICICI Bank gets govt’s approval to collect donations for PM Cares Fund

07 Apr 2020 Evaluate
ICICI Bank has been authorised to collect donations for the PM-Citizen Assistance and Relief in Emergency Situations (PM CARES) Fund, set up to fight COVID-19 pandemic. People can donate to the 'PM CARES Fund' account with ICICI Bank through the bank's various digital channels, including internet banking and RTGS/NEFT.

Donations to this fund are exempted under Sec 80(G) and the receipts can be downloaded by the donors from the 'PM CARES' portal after 15-20 days of the donation.

ICICI Bank is India’s largest private sector bank by consolidated assets. ICICI Bank’s subsidiaries include India’s leading private sector insurance, asset management and securities brokerage companies, and among the country’s largest private equity firms.
Peers
Company Name CMP
HDFC Bank 692.30
ICICI Bank 1394.00
Axis Bank 1214.70
Kotak Mahindra Bank 461.00
Indusind Bank 840.00
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