Standard Chartered Bank announces COVID relief measures for India
Standard Chartered Bank has announced a slew of COVID-19 relief measures to help its over 25,000 employees in India amid the second wave of deadly coronavirus.
The welfare measures includes-
- Reimbursements of up to Rs 2.5 lakh if an employee were to be admitted to an intensive care unit (ICU).
- Interest-free salary advance of up to six months’ gross pay to cover medical expenses.
- Payment of four-times annual salary to the next of kin of a deceased employee.
“…the second wave of the pandemic has seen an increase in the number of cases. We are doing everything possible to support our colleagues in these difficult times and we hope that our new initiatives, including timely financial support, will support our colleagues through what is a really challenging period,” the bank’s cluster CEO for India and South Asia, Zarin Daruwala, said to PTI.
Its global head for Global Business Services (GBS), Mathhew Norris, said these have been difficult and disrupting times globally, but more particularly in India and the bank has undertaken these measures after identifying particular needs that have come up.