New Delhi, May 19 (PTI) Karur Vysya Bank on Wednesday said it has donated Rs 1 crore to the Tamil Nadu State Disaster Management Authority from its CSR funds to fight the current pandemic.

Managing Director and CEO B Ramesh Babu handed over a demand draft to minister of electricity, prohibition and excise, Tamil Nadu government, Senthil Balaji, it said in a release.

The bank has also donated ten ambulances – 2 for use in the plains and 8 for use in hilly regions – to the Government of Tamil Nadu at a cost of Rs 1.77 crore. The bank has donated Rs 3.29 crore so far during the second wave of COVID-19 under Corporate Social Responsibility, it said.

* * * * * * Zaggle makes a foray into neo-banking space *

Fintech company Zaggle on Wednesday announced its entry into the neo-banking space through its group company ZikZuk.

It will address major challenges faced by SMEs, Zaggle said. The first product that is being launched is the Founders Card – a credit card for SME owners under its group company ZikZuk.

The company is aiming to clock in a revenue of Rs 250 cr in the first one year of business, it said in a release.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)