The group will be able to cut maintenance and management costs of related facilities through the consolidation, he also said. MUFG Bank, Ltd. (MUFG) announced in a release that it had committed $1 million or Rs 7.5 crore towards COVID-19 relief and recovery efforts in India.

“COVID-19 has left a profound impact on countless lives around the world,” said Atsushi Deguchi, Regional Executive for India & Sri Lanka said.

“Over these past two years, MUFG as an organisation has tried its best to not only ensure that employees across its global network remain safe and sound, but that we are able to provide a measure of relief and comfort to communities affected by the pandemic.”

The funding will be delivered in a phased manner, covering treatment management at healthcare facilities and support a vaccine deployment program for needy communities that will also raise greater awareness of vaccination and COVID-19 prevention practices.

This financial commitment is one of several ways in which MUFG in India is responding to the urgent needs of the community and employee welfare during this pandemic crisis.

Economic Times