93527CSR (2012-13) by United Bank of India
- Jan 10, 2014
CSR by United Bank of India
Sales: Rs 10318 Cr
Profit before Tax: Rs 392 Cr
Corporate Social Responsibility (CSR)
Source: United Bank of India Annual Report (2012-13), Pg No: 48-49
CORPORATE SOCIAL RESPONSIBILITY
CSR has been assuming greater importance in the corporate
world, including the banking sector. Over the years, we at United
Bank ofIndia , have integrated CSR principles with the Bank's
financial, promotional and development assistance to the Priority
Sector, industrial growth, infrastructure development, as well as
our own internal functioning through good corporate governance
practices. Our CSR pillars are Sustainable Banking,
Environment, Social Commitments, Human Resources
Development and Stakeholders Engagements.
We acknowledge that lending to MSME sector, Priority Sector
including Education Loans has significant sustainability impact.
Responsible banking, along with realization of economic
benefits and protection of environment form an integral part of
our CSR strategy. For instance, we do not provide credit to Ozone
depleting industries. We extend credit to industrial units only
after they obtain 'No Objection Certificate' from the Pollution
Control Board, wherever required.
An important plank of our CSR framework has been to widen and
deepen the process of financial inclusion by way of purveying
micro credit to the disadvantaged sections, such as women,
minorities and backward classes in rural, unorganized and
weaker section of the society.
Rural Self-Employment Training Institute (RSETI) :
Bank has so far set up 11 RSETIs in the states of West Bengal ,
Assam and Tripura to impart training to the prospective
entrepreneurs from the downtrodden community of the society.
Up to 31.03.2013, these institutes have imparted training to
25094 rural youths /women of which 18565 trainees are self
employed and 1195 trainees are wage employed. Out of 18565
self employed trainees 10472, trainees have got loan from Banks.
These institutes are providing post training support (Escort
Services) including arrangement of loan from our Bank branches
to enable the trainees to set up their own ventures.
FLCC: Bank has also set up 38 Financial Literacy Centres in the
states of West Bengal, Assam, Tripura and Manipur to extend
financial literacy and credit counseling services to the poorer
section of the society. In the Financial Year 2012-13, these FLCs
conducted 539 no of Outdoor Activity, wherein 15099 persons
participated and also conducted regular Indoor activity wherein
6510 Persons participated.
United Bank Socio Economic Development Foundation
th (UBSEDF) was established on 30 March 2007 with the
objective of promoting and carrying out social and economic
developmental activities and rendering assistance to weaker and
under privileged section of the society in terms of decision taken
th by the Board of Directors of the Bank in its meeting held on 18
December, 2006, towards discharging corporate social
responsibility of the Bank.
Till the Financial Year 2012-13, the Trust has undertaken various
welfare activities involving total assistance of Rs. 106.25 Lac in
53 cases, Year wise break up of which is furnished below.
Some of the important projects are, installation of two water hand
pumps in Muirei village and Hamlei Khong Humdung at Ukhrul
District of Manipur State , construction of concrete roof of the
class rooms of Dakshin Kamarpole F.P.School at 24 Parganas
(South) district and construction of one Residential Farmers'
Training Centre, Chaltaberia, 24 Parganas (North) district,
setting up Diagonistic Clinic for economically weaker section of
the society at Khardah, 24 Parganas (North), self employment
unit for the women life convicts of Alipur Correctional Home
(Kolkata), setting up of free/subsidized Dialysis Centre at
Maharaja Agrasain Hospital Charitable Trust, Rhotak, New
Delhi, construction of Hostel Building and purchase of furniture
for physically and mentally challenged children at Duliajan,
Assam, adoption of 2 scheduled tribe girl child in Jharkhand and
setting up of Arsenic free drinking water plant at Dharampur, 24
Chairperson: Archana Bhargava
United Bank of India
11, Hemanta Basu Sarani,
West Bengal 700001
As verified on 10th January 2014.