ICICI Bank contributes Rs 10 crore towards Odisha cyclone relief

ICICI Bank contributes Rs 10 crore towards Odisha cyclone relief

Agency News

Bhubaneswar, May 7: ICICI Bank on Tuesday announced that it has contributed Rs 10 crore to aid the state government and the local authorities in their efforts to provide relief and assistance in the areas affected by cyclone Fani in Odisha.

The major part of this contribution has been extended to the Chief Minister’s Relief Fund. The Bank also contributed at the district level for relief work. In addition, ICICI Bank has announced a slew of measures to help its customers in the affected parts of the state.

The Bank will waive off penalties on late payment of EMI in May for retail loans—home, car and personal—for its customers who are affected by the cyclone. Also, there will be no penalty for late payment of credit card dues as well as no cheque bouncing charges for the Bank’s customers this month.

Odisha Chief Minister Naveen Patnaik thanked the ICICI Bank for coming forward and supporting the state in this time of crisis, according to a statement here. Commenting on the situation in the state, ICICI Bank Executive Director Anup Bagchi said, ''Our thoughts and prayers are with the people of Odisha in this hour of need. We, at ICICI Bank, are committed to assist the people of Odisha and give them a helping hand to recover from this natural calamity through our own initiatives as well as in partnership with the state government and district authorities.'' (UNI)