SMBC pledges additional support for COVID-19 relief in India

Tokyo - As part of its response to the ongoing COVID-19 related situation in India, Sumitomo Mitsui Banking Corporation (SMBC), one of Japan’s three largest megabanks, is committing an additional ₹65 million (JPY 96 million) to deliver ongoing relief to affected communities in India.

SMBC has been actively engaged in providing COVID-19 related relief since the start of the pandemic last year and will continue to work with and support those worst affected by the pandemic. Over the last two months, SMBC has already facilitated supply of PPE kits, gloves and face masks, for frontline healthcare professionals at eight government hospitals in New Delhi, Chennai and Mumbai through a separate funding of ₹22 million, where the timely support was gratefully appreciated by the beneficiary hospitals.

This additional outlay will be used to procure more PPE kits, medical grade oxygen concentrators, ventilators and Emergency Medical Pods for needy hospitals across India.

SMBC said, “As a company with employees in India as well as customers and connections to the community, we are determined to support India through this health crisis and help where we can.”

Currently, SMBC is present in three cities. Its steadfast commitment and confidence towards India are reinforced by its capital infusion of USD 600 million into Indian operations and opening of a new branch in Chennai, after those in New Delhi and Mumbai, last year.

With such strong presence in India, SMBC will continue to work together with the local communities they operate in, to provide further support initiatives to address the impact of the pandemic so that not only customers and employees but society as a whole, can lead safe, healthy lives.