YES BANK Wins ASSOCHAM Water Management Excellence Award 2017

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  • YES BANK’s Livelihood and Water Security initiative adjudged the ‘Best Community Initiative in Water’
  • The initiative provided access to safe and clean drinking water to over 35 million beneficiaries in FY17

New Delhi, June 30, 2017: YES BANK, India’s fourth largest private sector bank, has won the ASSOCHAM Water Management Excellence Award 2017 in the ‘Best Community Initiative in Water’ category for its CSR initiative, ‘Livelihood and Water Security’. Since 2014, the initiative, has helped provide access to safe and clean drinking water to more than 50 million beneficiaries, in urban, rural and semi-rural communities across India. The initiative is part of YES BANK’s COP 21 commitment of touching 100 million lives by providing access to safe and clean drinking water by 2020. YES BANK was awarded at the ASSOCHAM National Conference-cum-Awards on Water Management in New Delhi.

Recognizing access to safe and clean drinking water as a key socio-economic challenge, YES Bank launched the ‘Livelihood and Water Security’ initiative as community focussed intervention in 2014. In FY14-15, the Bank deployed over 9,000 household water purification systems with the help of NGO partners in Raigad, Pune, Kolhapur, Satara and Sangli in Maharashtra. In FY15-16, the Bank installed 150 community water purification systems at key locations including government schools, government hospitals, orphanages, old-age homes and local communities.

Following the Alliances, Relationships & Technology (ART) approach, the Bank joined hands with the Indian Railways to provide safe and clean drinking water at 1,000 ‘D’ and ‘E’ railway stations across India by 2019. By FY17, the Bank in partnership with Konkan Railway and Central Railway had setup water purification systems across 276 ‘D’ and ‘E’ category railway stations in Maharashtra and Goa. The Bank has also installed water ATMs (a unique concept adopted by the Bank to serve clean drinking water), in and around the Jhuggi Jhopri (JJ) clusters of Delhi, with the help of the Delhi Jal Board, to provide safe and purified drinking water to underserved communities at an affordable price.

Sharing his thoughts on the win, Mr. Rana Kapoor, MD & CEO, YES BANK Ltd, said, “YES BANK is honoured to receive this award from ASSOCHAM. This is a significant affirmation of our uncompromising commitment towards mainstreaming social and environmental sustainability through innovative, replicable and scalable CSR models focused on achieving global Sustainable Development Goals (SDGs).”

 

Commenting on the occasion, Ms. Namita Vikas, Group President & Global head, Climate Strategy & Responsible Banking, YES BANK Ltd, said, “This initiative by YES BANK is in sync with the government’s vision to make safe and clean drinking water accessible to everyone. Our aim is to aid the existing efforts undertaken by the Government and ensure a high socio-economic impact through community-led interventions.”

About YES BANK

YES BANK, India’s fourth largest private sector Bank with a pan India presence across all 29 states and 7 Union Territories of India, headquartered in the Lower Parel Innovation District (LPID) of Mumbai, is the outcome of the professional & entrepreneurial commitment of its Founder Rana Kapoor and its Top Management team, to establish a high quality, customer centric, service driven, private Indian Bank catering to the future businesses of India.

 

YES BANK has adopted international best practices, the highest standards of service quality and operational excellence, and offers comprehensive banking and financial solutions to all its valued customers.

YES BANK has a knowledge driven approach to banking, and offers a superior customer experience for its retail, corporate and emerging corporate banking clients. YES BANK is steadily evolving as the Professionals’ Bank of India with the long term mission of becoming “INDIA’s FINEST QUALITY BIG BANK by 2020”.