Karnataka Bank focuses on solar projects for CSR activities – Hindu Business Line

Mangaluru, August 17:  

Karnataka Bank Ltd has installed 60 solar lights to illuminate the walking path of Kadri Park in Mangaluru city.

Speaking at a programme to inaugurate the facility for park users in Mangaluru on Tuesday, P Jayarama Bhat, Managing Director and Chief Executive Officer of the bank, said that the bank had announced this project during its Founders’ Day celebration.

Installed at a cost of ₹18 lakh, the solar lights will help the users of Kadri Park who come for walking in the evening. This is a contribution of the bank to the city as part of its corporate social responsibility (CSR).

Mahabaleshwara MS, Chief General Manager of Karnataka Bank, said that the bank’s initiatives to install solar lights at Kadri Park will save around ₹9,000 a month in power bill to the government. (The park is being managed by the Karnataka Horticulture Department).

Explaining about the other solar energy-led CSR initiatives of Karnataka Bank, Mahabaleshwara said that the bank, in association with the Bharatiya Vikas Trust in Udupi, has taken up a project to provide solar light facilities to the students from remote rural areas of that district.

Such CSR initiatives will help spread awareness on the green and clean energy in the country, he said.

Bhat said that the bank spent ₹6 crore under the CSR during 2015-16. The bank has already contributed around ₹3 crore for CSR activities in the first four months of 2016-17, he said.

PI Sreevidya, Chief Executive Officer of Dakshina Kannada Zilla Panchayat, thanked Karnataka Bank for illuminating Kadri Park with solar light.

(This article was published on August 17, 2016)

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