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Covid relief: Hyundai announces Rs 20 crore package for worst-hit states
MUMBAI: To aid India’s Covid relief efforts, Hyundai Motor India Foundation (HMIF), the philanthropic arm of Hyundai Motor India, has announced a Rs 20 crore relief package. The amount from Hyundai Motor India will be used for a series of initiatives to offer infrastructural assistance to the most affected states of Maharashtra, Delhi, Haryana, Telangana, and Tamil Nadu.
Through this fresh step in Hyundai’s Covid relief programs, the company will deploy resources to set up oxygen generating plants in hospitals, to aid critical patients and help hospitals become self-sufficient in oxygen.
Apart from this, the HMIF will also aid the installation of medicare facilities and provide support staff to various hospitals and cater to their operational cost for the next three months and further if needed, Hyundai Motor India Limited said in a statement.
“The second wave of this Covid2019 Pandemic has triggered an unprecedented crisis for the nation. In times of despair we often lose hope amidst the chaos, but it is also times such as these that bring out the best of humanity within us all. To offer meaningful assistance to the most affected cities and states, Hyundai has redeployed its resources and channelled efforts that will provide relief during these difficult circumstances. We are organising resources on a war footing and hope to help in abating this crisis,” said HMIL managing director and CEO SS Kim.
In the statement, HMIL made it clear that the relief package offered by the company is to ”ensure timely assistance is delivered to highly affected cities and states the company is evaluating all options to expedite the deployment of these resources on a war footing.”
Hyundai has also announced a vaccination drive among its employees, aged 45 and above at its manufacturing unit in Tamil Nadu through the office of the Sriperumbudur government primary health centre.
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YES Bank appoints S Anantharaman as chief risk officer
Former Jio Financial Services group chief risk officer takes charge of enterprise-wide risk at the embattled private lender
MUMBAI: YES Bank is not taking chances with risk anymore. The private lender has appointed S Anantharaman as its chief risk officer, a hire that signals the bank’s continued effort to rebuild credibility and tighten the controls that once famously slipped.
Anantharaman arrives from Jio Financial Services, where he served as group chief risk officer and built a risk management architecture spanning lending, payments, insurance broking and asset management from the ground up. Before that, he held the chief risk officer role at Bank of Baroda and senior leadership positions at HDFC Bank and L&T Finance Holdings. Three decades in banking and financial services, in other words, with scars and qualifications to match. He is a chartered accountant and a CFA charterholder.
At YES Bank, his brief is considerable. Anantharaman will oversee the bank’s entire enterprise-wide risk framework, covering credit policy, market risk, operational risk, information security, data governance, analytics, model governance and data privacy. It is, in short, every lever that matters when a bank is trying to prove it has grown up.
YES Bank’s turbulent past needs little rehearsing. What it needs now is exactly what Anantharaman has spent thirty years building: the kind of risk culture that stops problems before they become headlines. The appointment suggests the bank knows it.
